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

Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Aussie fund manager Shaws buys Devon Funds
Finance

Aussie fund manager Shaws buys Devon Funds

The deal is the latest tie-up between Australian and NZ funds managers.

Staff reporters 24 Jun 2025
Extraordinary's pre-tax public transport perks for workers
Finance

Extraordinary's pre-tax public transport perks for workers

Wayne Brown has endorsed a new way for employers to cut commuting costs.

Oliver Lewis 16 Jun 2025
Lenders referring borrowers in trouble to non-profit services
Finance

Lenders referring borrowers in trouble to non-profit services

Financiers pushing KiwiSaver withdrawals rather than acting responsibly, advisers say.

Maria Slade 13 Jun 2025