Transurban Group Announces Positive FY24 Results
Company Announcements

Transurban Group Announces Positive FY24 Results

Transurban Group Ltd. (AU:TCL) has released an update.

Transurban Group reported a 7% growth in FY24 distributions to 62.0 cents per stapled security, with traffic increases and operational cost management bolstering their financials. The company anticipates a 5% increase in FY25 distributions to 65.0 cents, contingent on traffic and economic conditions. CEO Michelle Jablko emphasized ongoing project delivery, including the West Gate Tunnel, and a strong balance sheet to support future growth initiatives.

For further insights into AU:TCL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskTransurban Group Ceases Unquoted Performance Awards
TipRanks Australian Auto-Generated NewsdeskTransurban Director Acquires More Performance Awards
TipRanks Australian Auto-Generated NewsdeskTransurban Issues New Employee Incentive Securities
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App