Fulton Hogan warns of significant trans-Tasman uncertainty

Fri, 03 Jul 2020

Fulton Hogan warns there’s significant uncertainty about the outlook for major infrastructure on both sides of the Tasman, with commercial contracts deferred and little visibility on public work. The privately-owned civil construction firm told shareholders last week that its NZ business was back in full swing, and while there were inter-state restrictions in Australia, more people were back to work. The NZ contracting business has a “solid near-term workload” across most of the country due to pent up demand from the lockdown, while its A...

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