Fulton Hogan FY profit rises 9.7% as Christchurch, Auckland activity makes up for slower Australia

Tue, 15 Sep 2015

By Paul McBeth Sept. 15 (BusinessDesk) - Fulton Hogan, the closely held construction company, lifted annual profit by 9.7 percent, with activity in Auckland and Christchurch underpinning the company's performance, offsetting slower Australian activity. Net profit rose to $151.6 million in the six months ended June 30, from $138.2 million a year earlier, the Christchurch-based company said in a statement. Revenue fell 11 percent to $2.9 billion, with a slowing resources sector across the Tasman, particularly in Western Australia and Queen...

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