Fulton Hogan irons out Pacific Highway problems, says 1H sales and profit 'performed soundly'

Wed, 06 Mar 2013

By Paul McBeth March 6 (BusinessDesk) - Fulton Hogan, the privately-held construction firm, says it has ironed out the problems associated with its Pacific Highway project in New South Wales and has recorded a strong first-half result, without disclosing what it is. The Christchurch-based company resolved contractual matters on the rain-delayed Pacific Highway project, which was seen as one of the major causes behind its 90 percent plunge in annual profit last year. Fulton Hogan took a $27.4 million charge on its associate companies and join...

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