Atlas Arteria ( (AU:ALX) ) has shared an update.
Atlas Arteria announced its 2024 financial results, reporting a statutory net profit after tax of $275.3 million, an increase from the previous year. The company reaffirmed its distribution guidance of 20 cents per security for the second half of 2024 and introduced a new distribution policy targeting a payout range of 90-110% of free cash flow. The announcement highlighted strong toll revenue growth driven by CPI and GDP-linked toll increases, alongside a 55-year concession agreement for the A412 in France. The company also achieved its emissions reduction target one year early and strengthened its corporate governance arrangements. These developments are expected to enhance Atlas Arteria’s free cash flow and strategic partnerships, positioning the company for future growth and value creation for stakeholders.
More about Atlas Arteria
Atlas Arteria is a global infrastructure company primarily focused on owning and operating toll roads. The company is involved in managing a portfolio of high-quality businesses that generate toll revenue, with a market focus on optimizing cash flow and capital management.
YTD Price Performance: 7.55%
Average Trading Volume: 371
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.69B
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