Fulton Hogan increases profit by 4%, revenue up 10%

Fulton Hogan is benefiting from ongoing infrastructure spending across NZ and Australia. (Image: Fulton Hogan)

Fri, 16 Sep 2022

Fulton Hogan lifted net profit by just over 4% as the privately held civil construction company continues to benefit from ongoing infrastructure spending across New Zealand and Australia.But the increase isn’t as large as the company experienced in recent years.The company’s profit increased 4.1% to $301 million in the 12 months ended June 30, from $289m the year earlier, with Fulton Hogan’s revenue rising 10% to $5.2 billion from $4.78b.Despite the impact of covid-19, the company has lifted earnings since 2019 after it bought...

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