Refinancing expensive debt at cheaper interest rates should drive strong growth in earnings.
Macquarie Atlas Roads reported a statutory first-half 2016 NPAT of AUD 54.2 million, up 35% on the AUD 40.3 million reported in the prior comparative period. Equity-accounted profit from associates of AUD 211 million included the AUD 136 million from the sale of the Chicago Skyway investment. The result also included a AUD 134.1 million expense for 2016 performance fees. The portfolio of assets delivered year-on-year traffic growth of 4.2% and underlying proportionate revenue and EBITDA growth o...Macquarie Atlas Roads Group is a global infrastructure developer and operator. As of Dec 31 2015, Co.'s investments consisted of 20.14% interest in Autoroutes Paris-Rhin-Rhone, a 2,323 km motorway network located in the east of France; 50% interest in Dulles Greenway, a 22 km toll road in Loudoun County, northern Virginia, U.S.; 70% interest in Warnow Tunnel, a two km toll road and tunnel under the Warnow River in the northern German city of Rostock, Germany; and 100% interest in M6 Toll, a 43 km motorway that bypasses Birmingham and connects to the existing M6 at both ends in West Midlands, U.K.
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