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

Reuters

02/27

** 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;))

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