Atlas Arteria's Weighted Average Toll Revenue Up 6.1% in March Quarter

MT Newswires Live
04-23

Atlas Arteria (ASX:ALX) said weighted average toll revenue rose 6.1% year-over-year for the three months ending March 31, driven by toll increases across the majority of Atlas Arteria's businesses, according to a Wednesday Australian bourse filing.

The APRR Group recorded a toll revenue increase of 4% and a traffic increase of 1.4%. Traffic at ADELAC declined 0.3%, while toll revenue increased 3.4%. Traffic at the Warnow Tunnel increased 2.0%, while toll revenue rose by 6.0%. The Chicago Skyway saw the toll revenue rise by 4.5%, while traffic decreased by 1.7%.

It appointed Philip Shucet as an interim chief executive officer at Dulles Greenway.

It also said that Luis Tejerina was appointed CEO at the Chicago Skyway, effective May 1. Kara Lawrence will return to the role of chief financial officer in May after acting as interim CEO.

Price (AUD): $4.88, Change: $-0.060, Percent Change: -1.21%

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