Transurban has lifted its full year profit almost 44.5 per cent after increasing revenue across its toll roads.
The toll road owner made a profit of $252.2 million for the 12 months to June 30, up from $174.5 million a year ago.
Revenue from the company’s toll roads was up 13 per cent to $906.5 million.
Transurban chief executive Scott Charlton said the company had improved margins on six of its seven toll roads during the year.
He said the company was looking to continue to improve its performance over the next year, after taking control of Queensland Motorways, which operates Brisbane’s toll road network, at the start of July.
“The business is well positioned for the year ahead and we will continue to focus on driving operational improvements across our networks as well as delivering on our pipeline of enhancement projects,” he said.
In addition to the Brisbane roads, Transurban owns or part owns Sydney’s Eastern Distributor, Cross City Tunnel, M2, M5 and M7 and Lane Cove Tunnel roads and Melbourne’s CityLink, along with two roads in the US.
The company announced a final dividend of 18 cents per share, of which 3.5 cents are fully franked, up from 15.5 cents a year ago.