Fulton Hogan more than doubles 1H pretax profit, eyes growth after Shell exit

Sun, 09 Mar 2014

By Paul McBeth March 10 (BusinessDesk) - Fulton Hogan, the privately held construction firm, more than doubled first-half pretax earnings with its five business units all running ahead of budget, and plans to ramp up growth once the Shell Group share buyback is completed. Pretax profit climbed 144 percent to $92.8 million in the six months ended Dec. 31, for a net profit of $64 million, the Christchurch-based company said. Revenue was $1.64 billion in the half. The forward order book was $2.8 billion, down from the $3.4 billion level it gav...

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