Fulton Hogan lifts annual profit 11% as acquisitions help widen margins

Fri, 16 Sep 2016

By Paul McBeth Sept. 16 (BusinessDesk) - Fulton Hogan boosted annual profit 11 percent, outpacing revenue gains, as a number of acquisitions helped widen the tightly held civil construction company's margins. Net profit rose to $168.7 million in the 12 months ended June 30 from $158.6 million, the Christchurch-based company said in a statement. Revenue advanced 5.9 percent to about $3.1 billion in what managing director Nick Miller described as a "challenging environment" where multi-national rivals have been attracted to the certainty o...

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