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…
-
Noosa News21 hours agoNew South Wales Blues left to pick up the pieces after fumbling a chance at State of Origin glory
-
Noosa News15 hours agoHelp to make recycling stick
-
Noosa News24 hours agoHow do you choose a safe childcare centre?
-
Noosa News13 hours agoFormer Darling Downs Zoo employee sheds new light on horrific lion attack on teacher Joanne Cabban