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 Others, such as retailer The Warehouse Group, faced public criticism from Prime Minister Jacinda Ardern for claiming $67.8m through the wage subsidy scheme while continuing with staff restructuring and redundancies. Fulton Hogan Limited provides civil construction services and infrastructure maintenance services in the following categories: IBISWorld provides enterprise profiles on thousands of leading organizations across Australia and New Zealand. Report this company Report Report. It has only partially repaid the subsidy. Subscribe to our free 7am Headlines newsletter. If youd like more information on any project, or hard copies of the Report, contact National Innovation Manager New Zealand, Chloe Smith Chloe.smith@fultonhogan.com). The character "Onslow" is always seen wearing a cap with the "FH" logo on. IBISWorld provides profiles on thousands of leading enterprises across Australia and New Zealand, as well as reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on business and industry trends. The annual report showed the firm was paid $34.3m in wage subsidies, although Fulton Hogan said in a statement on Wednesday that at the end of September, following a full reconciliation, it made a partial reimbursement. Total assets of Fulton Hogan Limited from financial year 2015 to 2022 (in billion New Zealand dollars) [Graph]. Rob joined Fulton Hogan as Group Chief Financial Officer in September 2016. Hamish is a great grandson of one of Fulton Hogans founders, Bob Hogan, and sits of the Fulton Hogan Board, along with a number of the companys joint ventures. The company was founded by Julius Fulton and Robert Hogan in Dunedin in 1933. No BusinessDesk Learn more about how Statista can support your business. Work with and learn alongside the best in the business. Other Titles Fulton Hogan Holdings Limited Annual report Publisher Otago [N.Z. The report shows Fulton Hogan faced a predictably tough trading environment in the year to June 30. Fulton Hogan reported a $173.6 million net profit in the June year, down from $180.1 million a year earlier, with revenue largely flat at $4.68 billion. Fulton Hogan started on roads. National Manager - Communications & Brand, New Zealand. The title 25 ways were engineering solutions for the future gives a pretty good sense of what youll find inside, from both sides of the Tasman. Justin was appointed Chief Operating Officer New Zealand Construction in 2021 having previously been Fulton Hogans General Manager of New Zealand Construction. With extensive experience in senior financial roles across a broad range of industries both in New Zealand and abroad, Tim joined the Fulton Hogan team in 2014 as Financial Controller New Zealand Contracting. is a better quality of life for us all, by making the communities in which we live and work better and safer.. Fulton Hogan Limited. Fulton Hogan's board declared an interim dividend of 24 cents per share, down from 25 cents a year earlier. He was appointed to the Board in 2008 as representative of the Fulton cornerstone shareholders. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). With over 27 years of experience working in the construction and infrastructure industry, she is courageous, resilient and highly respected leader. Katherine has spent the last 15 years in the property, construction and infrastructure industry having advised many leading contractors across Australia and overseas. Fulton Financial Corporation operates as a multi-bank holding company that offers retail and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. Fulton Hogan is a large infrastructure . Get an overview of the industries that As Fulton Hogan approaches our 90th year in business, we operate in a rapidly changing world. Thats why we sign a contract that makes promises to you, not just the other way around. to incorporate the statistic into your presentation at any time. Back . [1] This is up from 3,400 staff and a net profit of over $55 million on revenue of $891 million in 2005.[4]. While World War II slowed their expansion, the years after the war found large growth in roadworks and also in the building of the Comalco Aluminium Smelter and Roxburgh Hydro plant. Our 9,000 strong team works in every kind of weather, creating, connecting, and caring for communities. 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Big plus for NZ schools and govt agencies, Growing wealth through our cities growth, Insurers call on government to seize the day, Smoke, mirrors and delay Nationals three waters policy, Former CentrePort CEO Liz Ward joins KiwiRail board, Deeply researched, twice-edited and fact-checked news, Foreign coverage from Bloomberg and The Economist, Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers. Bruyn said the result reflected a strong turnaround for the company in the Australian market. Michelle was appointed to the Fulton Hogan Board in June 2021, and is a full time independent director based in Invercargill. Infrastructure company Fulton Hogan, which received $34.3 million in wage subsidy payments, made a $222 million profit last year, and announced a $79.5 million dividend. Graeme holds several directorships and brings fresh thinking and a strong focus on building enduring relationships. Most Recent Annual Report. As a Premium user you get access to background information and details about the release of this statistic. Chief Executive Officer - Australia Utilities. (& thousands of global industries). You need a Statista Account for unlimited access. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360 view of the company. Ben holds a number of directorships in both New Zealand and Australia. Its a natural part of what we do, investing further, and always challenging ourselves to do more. To use individual functions (e.g., mark statistics as favourites, set Graeme has led Fulton Hogans land development operations since 2000. Published by Statista Research Department , Jan 3, 2023. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Prior to joining the company, he worked in corporate finance for PwC and Deloitte, in both New Zealand and Canada. As bitumen is manufactured, stored, transported and handled at 190 degrees celsius, there are risks when . As a Premium user you get access to the detailed source references and background information about this statistic. Companies have faced criticism for taking advantage of the wage subsidy scheme when they were profitable and paying dividends. Bretts 30 plus years experience in the building and construction industry has seen him deliver complex projects in all facets of construction, spanning the transport, water, defence and energy sectors across Australia and Indonesia. You might also want to click on the 2020, 2019 and 2018 Innovation Reports, Employing graduates and young people within our communities, Offering a range of scholarships or traineeships designed to champion engineering, Maximising social procurement opportunities to create positive social change. The company bought Stevenson Group's construction materials unit last year for about $300 million, and the latest update shows its net debt has climbed to almost $700 million at a gearing ratio of more than 40 percent. Ben joined Fulton Hogan in 2006, and has worked across the infrastructure sector, including materials supply, major project construction, and management of asset maintenance businesses, in both New Zealand and Australia. We have been made aware that there are multiple accounts pretending to be Fulton Hogan. The annual exempt amount applicable to Capital Gains Tax (CGT) is to be more than halved from April 2023. . Our decades of experience, combined with our wealth of plant and resources, gives us the technical knowledge and skills to provide a wide range of construction services. To join your company account for BusinessDesk and enjoy full access, Learn more about how Statista can support your business. October 28, 2022. Brett was appointed CEO of Australia Construction in July 2022, having previously been Fulton Hogans General Manager of Construction for Queensland, Northern Territory, Western Australia and South Australia. Our projects are never an end in themselves they are all means to a greater end, Cos says. Faulkner and Bruyn said the bottom line was affected by changes to accounting standards and fair value adjustments on land. . We are driven by fresh ideas and opportunities. Understand the main operating divisions of The company bought Stevenson Group's construction materials unit last year for about. While operating revenue rose 10.8 per cent to $1.852 billion, its record profit of $100.4. Fulton Hogan has always had a strong instinct to do the right thing for the long term its a good part of the reason we are approaching our tenth decade. Prior to joining Fulton Hogan, Rob was CFO at Silver Fern Farms and PGG Wrightson and has a record of developing high performing finance, IT and corporate teams. Get full access to all features within our Business Solutions. Annual. Fulton Hogan and Stevenson both own and operate quarries in Auckland and Huntly. Annual report 2021-2022; Annual report 2020-2021; Annual report 2019-2020; WorkCover Queensland status review; . GDP construction industry New Zealand 2017-2022, Quarterly number of employees in construction New Zealand 2010-2022, Residential building work value New Zealand 2018-2022, Number of infrastructure projects starts New Zealand 2022, by type. Notes. You need at least a Starter Account to use this feature. Graeme brings a deep understanding of property and the economic environment to his work. Fulton Hogan, has announced a new management team to support its ongoing growth plans in Australia. (October 28, 2022). You need at least a Starter Account to use this feature. Quality infrastructure can help reduce the impact of humans on the environment. Then you can access your favorite statistics via the star in the header. Ben is a highly qualified professional engineer, with a proven track record of effective leadership and achievement through collaborating with clients and a solutions-focused approach. Simon also has a passion for quarrying and manufacturing and has a key role in leading sustainability across the New Zealand business. One New Zealand dollar is equal to approximately 0.68 U.S. dollars and 0.6 euros (as of November 2021). Currently, you are using a shared account. Get a D&B Hoovers Free Trial. Richard is also a director of Marlborough Airport Ltd, MDC Holdings Ltd and St Andrews Property Group Ltd. Steve has held a range of CEO/Managing Director roles in both Australia and New Zealand over the past 20 years. Having spent 25 years immersed within the business, working his way up from frontline engineering roles to executive leadership, today Jules leads our culture initiatives that embed our REAL values and behaviours into our operations. New Zealand's financial year runs from July 1 to June 30. / FULTON HOGAN AUSTRALIA PTY LTD; FULTON HOGAN AUSTRALIA PTY LTD. Website. Sarah joined Fulton Hogan in 2019 and leads the operational functions of Health & Safety, People & Culture, Industrial Relations and Environment, Community & Sustainability. A paid subscription is required for full access. {{ registerForm.errors.get('password') }}, {{ registerForm.errors.get('password_confirmation') }}, {{ plans[index].attributes.old_price | currency }}. With over 35 years experience in the construction industry in various operational and leadership roles, Tim has developed a broad and extensive understanding of the work we do at Fulton Hogan and the risks our people manage every day. Fulton Hogan have submitted a development licence application to Environment Protection Authority (EPA) to construct an asphalt batch plant at Lot 58 on Masons Road, Warrnambool (part of proposed subdivision at 86 Rodgers Road, Warrnambool). Experts say community investment is the future. [3] In 2013 the company reported an annual operating profit of NZ$96.5 million, from revenue of $3.22 billion,[2] and employed over 5,500 people. In financial year 2022, Fulton Hogan reported a revenue of around 5.23 billion New Zealand dollars. We aim to do more and do better for our people, our communities and the countries that we work in. Crown entities are some of our largest businesses who should be running them? Get a D&B credit report on this company . [3] The title - "25 ways we're engineering solutions for the future" - gives a pretty good sense of what you'll find inside, from both sides of the Tasman. Back Submit. 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