Toll road operator Transurban has reported a net profit of $230 million for the six months to December 2023, more than quadrupling its previous corresponding result.
Transurban confirmed it would pay a first-half dividend of $0.30 per share and a full-year dividend of $0.62, although some analysts and investors had been hoping for an increase in the full-year forecast.
Traffic on Transurban’s Sydney toll roads rose by 1.2%, while it was up 2.6% in Brisbane, and 2.3% in Melbourne.
![Transurban traffic and tolls](https://api.macrobusiness.com.au/wp-content/uploads/2024/02/Transurban.png)
Australia’s mass immigration policy guarantees traffic and profit growth for companies like Transurban.
![NOM by states](https://api.macrobusiness.com.au/wp-content/uploads/2024/01/NOM-by-state.png)
High immigration is projected to continue into perpetuity, meaning traffic on Transurban’s toll roads will rise indefinitely, as will its revenues.
![NOM projection](https://api.macrobusiness.com.au/wp-content/uploads/2024/02/Australian-projected-NOM.png)
The entire immigration-led economic system is a scam designed to enrich capitalists like Transurban at the expense of ordinary residents:
- Cram people in such a way that traffic becomes chronically congested and more roadways are needed.
- Build tollroads through public-private partnerships, charging high user fees to the existing population.
- Living standards plummet since all you’ve done is charge people to move about when they were doing it for free prior to the people-stuffing.
- Politicians act like competent economic managers because GDP rises and they claim credit for addressing congestion (created, once again, by the aforementioned people-stuffing).
- Transurban and its foreign donors grow richer, while citizens become poorer.
- Rinse, repeat.
Transurban’s entire business plan is centred on privatising the benefits of mass immigration while transferring the costs to everyone else via what is effectively private taxation.