Australia's Atlas Arteria jumps to over 8-month high on 2024 earnings

Atlas Arteria

27/02/2025 01:32

** Shares of toll road developer Atlas Arteria ALX.AX rise as much as 4.3% to A$5.29, their highest since early-June 2024

** Co posts statutory net profit after tax of A$275.3 million ($173.47 million) for 2024, compared to A$256.3 million a year ago

** Earnings helped by inflationary impact on prices and positive weighted average traffic growth of 0.6%

** Stock last up 3.8%, extends YTD gains to 10.6%

($1 = 1.5870 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))