By David WinningSYDNEY--Transurban forecast another year of distribution growth after a solid traffic recovery on all of its toll roads world-wide. Transurban reported a net profit attributable to securityholders of 326 million Australian dollars (US$212.5 million) in the 12 months through June, compared to a A$64 million profit in the 2023 fiscal year. Transurban said it expects a distribution of A$0.65 per security in the new fiscal year, up around 5% on the payout of A$0.62/security in fiscal 2024. Write to David Winning at david.winning@wsj.com(END) Dow Jones NewswiresAugust 07, 2024 19:11 ET (23:11 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal August 08, 2024 05:18 UTC