Shrugging off covid Fulton Hogan builds record profit

Managing director Cos Bruyn says Australian operations are operating again. (Photo: Fulton Hogan)

Tue, 02 Nov 2021

Fulton Hogan lifted annual net profit 30% to a record, despite ongoing covid-related disruption on both sides of the Tasman.The construction company's net profit for the year ended June rose to $289.2 million from $222m the previous year.The annual report said the result reflected "virtually all parts of the business delivering year-on-year improvements".But despite the bumper outcome, Fulton Hogan said the board decided to defer a decision on setting the final dividend."The ongoing covid-19 lockdowns and restrictions are cre...

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