Fulton Hogan FY profit bounces back on record sales, lack of charges

Tue, 01 Oct 2013

Oct. 2 (BusinessDesk) - Fulton Hogan, the privately-held construction firm that gets 60 percent of revenue in Australia, reported a bounce back in full-year profit on record sales and a lack of year-earlier charges for a then-troubled highway project. Profit was $96.5 million in the year ended June 30, from $7.9 million a year earlier, the Dunedin-based company said in a statement. Sales rose about 19 percent to an all-time high of $3.22 billion. Managing director Nick Miller said the company’s Australian businesses led sales growth, includi...

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