On 11 April 2019, 407 International Inc., the company owned by Ferrovial subsidiary Cintra, announced a revenue 309.1 million for the first quarter of 2019, compared to $288.5 million for the same period of 2018.
The EBITDA (Earnings before interest, taxes, depreciation, and amortization) for the first quarter of 2019 totaled to $262 million, compared to $231 million in the same period of 2018. The reported net income for the first quarter of 2019 was $95.4 million, compared with $96.9 million for the same period in 2018.
The Board of Directors announced an eligible dividend of $0.323 per common share, to be redeemed on or around 11 April 2019 to shareholders on record as of 11 April 2019.
407 International Inc. is also pleased to confirm that Jose Tamariz, Head of Europe and New Markets and Ass Management Director, Cintra Global, has been appointed to the Board of Directors, replacing Mr. Nicolas Rubio, with this transition having taken effect on 1 February 2019.
407 ETR is considered to the best way to travel across the top part of the Greater Toronto Area, saving time, reducing fuel consumption and maintenance expenses, while also staying out of dense traffic, meaning decrease carbon dioxide emission, as reported by the drivers making an average of 415,000 trips every workday. Since opening in 1999, the toll road has seen increase in use and is the most popular choice for commerce and people who want to save time.