CANBERA (dpa-AFX) - Transurban (TCL.AX) reported that its net loss for the six months ended 31 December 2014 was A$354 million, compared with a net profit of A$81 million in the same period last year.
The net loss included significant items related to the acquisition of Queensland Motorways on 2 July 2014 of A$406 million, incurred during the period. Excluding these items, net profit was A$52 million.
Loss attributable to ordinary equity holders of the Stapled Group was A$185 million, compared to profit of A$81 million in the prior year. Loss per stapled security was 9.7 cents compared to earnings per share 5.5 cents in the prior year.
Proportional toll revenue increased by 9.8 per cent compared to the prior corresponding period. This result excludes changes relating to acquisitions in the current period to enable a like for like comparison. Proportional EBITDA or earnings before interest, tax, depreciation and amortisation increased by 13.6 per cent.
Total statutory revenue grew to A$964 million from A$572 million last year.
Copyright RTT News/dpa-AFX