Fulton Hogan 1H earnings dip on weak Aussie economy

Thu, 05 Mar 2015

By Paul McBeth March 6 (BusinessDesk) - Fulton Hogan, the privately held construction firm, says first-half pre-tax earnings dropped 10 percent as Australia's economic woes kept a lid on spending in the resources and state sectors, while the strong kiwi dollar eroded profit earned across the Tasman. Pre-tax net profit fell to $83.4 million in the six months ended Dec. 31 from $92.8 million a year earlier, the Christchurch-based company said in a statement. Fulton Hogan still expects to grow annual post-tax profit from the $138.2 million i...

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