Wilson Parking profit doubles as security, parking revenue climbs

Wed, 25 Nov 2015

By Sophie Boot Nov. 23 (BusinessDesk) - Wilson Parking New Zealand, owned by Hong Kong’s Kwok family, more than doubled annual profit as it reaped more revenue from an expanding security business. Net profit rose to $6 million in year ended June 30, from $2.7 million a year earlier, Auckland-based Wilson's annual report shows. Revenue jumped 62 percent to $130.5 million, driven by sales from its recently acquired security business. While parking revenue rose 8.4 percent to $89.3 million and remains its biggest business, revenue from...

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