Fulton Hogan profit drops on troubled Australian projects, slowing NZ work

Mon, 18 Mar 2019

By Paul McBeth March 19 (BusinessDesk) - Fulton Hogan's first-half profit dropped by a third as the privately-held civil construction firm struggled with problematic projects on the other side of the Tasman. The Christchurch-based infrastructure and construction group reported a pre-tax profit of $70.6 million in an update to shareholders, blaming the decline on several legacy construction projects in Australia. Fulton Hogan noted those projects in its annual report last year, saying at the time that they were taken on in a highly com...

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