Hellaby posts 60 percent rise in first half profit, bolstered by acquisitions

Thu, 27 Feb 2014

Feb. 27 (BusinessDesk) – Hellaby Holdings, the diversified investment company, posted a 60 percent rise in first half profit, bolstered by recent acquisitions. Net profit rose to $9.9 million in the six months ended Dec. 31, from $6.2 million in the year earlier period, the Auckland-based company said in a statement. Revenue rose 44 percent to $351.6 million. Hellaby’s latest earnings included a full six months contribution from its 85-percent stake in oil and gas services business Contract Resources and three months from Federal Batteries w...

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