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

Fulton Hogan increases profit by 4%, revenue up 10%
Fulton Hogan is benefiting from ongoing infrastructure spending across NZ and Australia. (Image: Fulton Hogan)
Riley Kennedy
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...

More Finance

NZ Super ahead of the curb on US equities
Finance

NZ Super ahead of the curb on US equities

New Zealand’s sovereign wealth fund has been overweight in European equities.

Gregor Thompson 03 Jun 2025
Former Telecom chair Wayne Boyd honoured
Finance

Former Telecom chair Wayne Boyd honoured

Honours recognition for a lifetime of low-key, high-quality leadership.

Pattrick Smellie 02 Jun 2025
Andrew Barclay to leave Goldman Sachs NZ
Finance

Andrew Barclay to leave Goldman Sachs NZ

Andrew Barclay has been one of NZ’s most respected deal-makers.

Pattrick Smellie 20 May 2025
How Sharesies is providing ‘patient’ capital for listeds
Finance

How Sharesies is providing ‘patient’ capital for listeds

The online platform is being tapped for bookbuilds and dividend reinvestment plans.