By David Winning

SYDNEY--Transurban reported a sharp rise in interim profit while keeping its distribution guidance for the full year unchanged as traffic on its global network of toll roads increased in volume.

Transurban reported a net profit attributable to securityholders of 204 million Australian dollars (US$133 million) in the six months through December, compared to a A$41 million profit at the same stage of fiscal 2023.

Proportional toll revenue--the company's preferred measure of the performance of its roads--increased by 6.3% to A$1.76 billion in the six-month period.

On Thursday, Transurban kept its distribution guidance for the full year steady at 62 Australian cents a security. Its first-half payout, which was pre-released, totaled A$0.30 a share.

Write to David Winning at

(END) Dow Jones Newswires

02-07-24 1624ET