Transurban has reported a $16 million annual net profit.
The toll road operator said while average daily traffic was down 0.5% across the group in the year ended June 30, traffic accelerated in the last quarter to eclipse pre-pandemic levels.
?An improvement in CBD activity has lifted traffic levels in recent months, but this is only part of the story; the data shows Transurban?s traffic has risen faster and held much steadier than CBD office occupancy rates,? said Chief Executive Scott Charlton.
Transurban shares slumped 5.6% this morning.