Fulton Hogan lifts annual profit 6.5% on growing infrastructure spend

Tue, 26 Sep 2017

By Paul McBeth Sept. 26 (BusinessDesk) - Fulton Hogan lifted annual profit 6.5 percent as the privately-held civil construction firm benefited from a growing infrastructure spend across the nation. Net profit rose to $179.6 million in the 12 months ended June 30 from $168.7 million a year earlier, the Christchurch-based company said in a statement. Revenue rose 8.5 percent to $3.6 billion while earnings before interest, tax, depreciation and amortisation climbed 11 percent to $364.6 million. The board declared annual dividends of 64 cent...

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