TCL Reaffirms FY20 Distribution Target and Present 1HFY20 Report

  • Feb 11, 2020 AEDT
  • Team Kalkine

Transurban Group (ASX:TCL) reports first-half results for the financial year 2020 and reported a growth of 2.3 per cent in average daily traffic.

  • The proportional toll revenue increased by 8.6 per cent to stand at $1,396 million, while EBITDA surged by 9.5 per cent to stand at $1,094 million.
  • The underlying cost grew by 2.0 per cent and suggested cost discipline and scale benefits of recent investments.
  • TCL reiterated the FY20 distribution guidance of 62.0 cents a share.

 

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK