Business
Atlas Arteria (ASX:ALX) share price driven lower by FY20 report
The share price of Atlas Arteria Group (ASX: ALX) is being driven lower after the toll road business announced its FY20 result.
Atlas Arteria is a global owner, operator and developer of toll roads. It has operations in France, the US and Germany.
FY20 result
The toll road business reported that its underlying net profit after tax fell by 61% to $69.6 million. However, the statutory net loss after tax declined 468% to $55.8 million due to a number of notable items.
Those items included a $143.9 million impairment of the Dulles Greenway, a $13.8 million non-cash foreign exchange gain and a final management fee of $2.1 million paid to Macquarie Group Ltd (ASX: MQG).
The France APRR toll road group total traffic (in vehicle kilometres…
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