Prolintas Infra Business Trust registered revenue of RM79.3 million in the second quarter ended 30 June 2024 marking an increase of 3.7% from the RM76.5 million in the preceding quarter.
The growth it said was primarily driven by an increase in traffic volume, with toll collection continuing to be the key revenue driver. The Trust recorded total toll collection of RM77.2 million, with additional non-toll revenue streams contributing RM0.4 million.
The Trust's highway assets performed steadily in 2Q24, with Sistem Lingkaran-Lebuhraya Kajang ("SILK") contributing the most or 45% of the total toll collection (RM34.7 million), followed by Guthrie Corridor Expressway ("GCE") at 30% (RM22.8 million). The consistent performance of these two longest highways, which cover a wide range of residential areas with four and three toll plazas respectively, has resulted in collection increases of 2.6% and 3.8% as compared to 1Q24. Lebuhraya Kemuning–Shah Alam ("LKSA") contributed 14% (RM10.8 million), whereas the Ampang–Kuala Lumpur Elevated Highway ("AKLEH") accounted for 11% (RM8.9 million).
Prolintas Infra BT reported a profit from operations of RM46.5 million in 2Q24, 12% higher compared with the preceding quarter.
For the six-month period from 1 January 2024 to 30 June 2024 ("1H 2024"), revenue turned out strong at RM153.4 million, achieving 99% of the Trust's forecast of RM154 million. Net profit totalled RM6.1 million, against the RM4.1 million projected for 1H 2024.
The board declarees first interim distribution for 1H of 3.18 sen amounting to RM35 million.
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