** Shares of Atlas Arteria ALX.AX ease as much as 1.64% to A$4.210, marking their steepest percentage intraday decline since March 31
** The toll roads operator reports flat first-quarter proportionate toll revenue, inching up just 0.1%
** Atlas says it continues to monitor the impact of fuel costs and Middle East-related supply disruptions, noting its core operating regions face materially lower exposure to such risks
** The company adds most of its roads operate under largely CPI-linked toll regimes, meaning any rise in fuel costs, and the resulting inflationary impact would take time to feed through
** ALX down 13.7% YTD, including the day's moves
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))