Transurban lifted its September quarter revenue 64 per cent to $364.7 million.
Toll road owner Transurban has lifted revenue 64 per cent, thanks to the strong performance from its Sydney roads.
Statutory toll revenue from Transurban’s roads rose to $364.7 million during the September quarter.
Proportional toll revenue, which is the company’s preferred measure, was up 37 per cent to $375.2 million.
The company’s Sydney roads were the strongest performers, with the Hills M2 lifting toll revenue 19 per cent to $53.7 million, and Lane Cove Tunnel increasing revenue 10 per cent to $18.5 million.
Melbourne’s CityLink’s revenue rose 6.5 per cent to $143.2 million.
The company’s Queensland assets had a mixed quarter with revenue from the Gateway Motorway up 5.1 per cent but the Logan Motorway’s revenue slipped 0.5 per cent.
Transurban took control of Queensland Motorways, which controls Brisbane’s toll road network, on July 2.
Meanwhile, revenue from the company’s US roads, which has been a weak performer, jumped 74 per cent.