December 17, 2014 4:07 PM ET

Construction and Engineering

Company Overview of Fulton Hogan Limited

Company Overview

Fulton Hogan Limited, together with its subsidiaries, operates as an construction company in Australia and New Zealand. It operates in the areas of civil construction, infrastructure, quarrying, and asphalt production and surfacing. The company is engaged in the construction of roads, rails, ports, airports, bridges and structures, energy and mining projects, waste and wastewater projects, and utilities projects, as well as land development for residential subdivisions. It also provides various services comprising asset management, road maintenance, laboratory services, infrastructure services, traffic management, traffic signs, and workshop facilities. In addition, the company supplies aggr...

Canterbury Technology Park

29 Sir William Pickering Drive

Christchurch,  8053

New Zealand

Founded in 1933

5,400 Employees

Phone:

64 3 357 1400

Fax:

64 3 357 1433

Key Executives for Fulton Hogan Limited

Managing Director and Director
Group Chief Financial Officer
Chief Operating Officer and Director
Chief Executive of New Zealand Contracting
Chief Operating Officer of Infrastructure of New Zealand
Compensation as of Fiscal Year 2014.

Fulton Hogan Limited Key Developments

Fulton Hogan Interested In City Care

Fulton Hogan Limited is showing a tentative interest in City Care, Ltd. Nick Miller, Managing Director of Fulton Hogan said that companies that do not have much presence in Christchurch might be more interested. Nick Miller added, "There's elements of the business like City Care that would be complementary to our footprint and there are other elements that wouldn't be. I guess we have a strong capability in the Canterbury region and a very mature, vertically integrated business model in Christchurch. But I believe it would have strong interest for some parties in the sector."

Fulton Hogan Reports Earnings Results for the Year Ended June 30, 2013; Provides Sales Guidance for the Full Year 2014

Fulton Hogan reported earnings results for the year ended June 30, 2013. For the period, the company's profit was NZD 96.5 million (AUD 85.87 million) from NZD 7.9 million a year earlier. Sales rose about 19% to an all-time high of NZD 3.22 billion.   The company expects that it may not build much on last year's record sales in the 2014 year.

Fulton Hogan Denies Sales Rumor

Managing Director of Fulton Hogan Limited Nick Miller said that the company has engaged Credit Suisse and First NZ Capital to look at the firm's balance sheet and speculation in the Australian Financial Review that Fulton Hogan is being prepared for sale is "totally incorrect". According to Australian Financial Review, Credit Suisse and First NZ, has secured the mandate to sell Fulton Hogan. Sources added that the business is worth about $100 million, with likely buyers to include Grupo Ferrovial and Acciona."As part of standard, prudent governance the investment banks concerned are simply advising on options to optimise Fulton Hogan's balance sheet. Fulton Hogan has a strong, stable and committed shareholder base and no current or foreseeable plans for fundamental changes to our ownership, beyond the buy-back of the cornerstone Shell shareholding which has been in progress since 2009," Miller added.

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