407 Reports Solid Operating Performance for Q3 2004

26 October 2004

Not for distribution in the United States, Canada or Japan.

407 International has announced its financial results for the third quarter of 2004.

Mr Stephen Allen, Chief Executive Officer of MIG said, "407 ETR continued to perform solidly over the past quarter. Traffic (VKT) has increased 6.5% when compared with the previous corresponding period (pcp), this has translated into an increase in revenue of 7.8% on pcp. For the nine months ended 30 September 2004, EBITDA has increased 17.3% on pcp."

407ETR is the company which holds a 94 year concession to operate Highway 407, which is a 108 kilometre toll road serving the main growth corridor in the Greater Toronto Area.

• Download the 407 International accounts and news release (pdf 81 KB).

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