Subscribe to RSS feedAustal profits up four-fold
AUSTRALIAN fast ferry builder Austal increased its profit after tax more than four-fold to A$37.1m (US$33m) for the 2009/10 financial year to the end of June, up from A$9.2m last year, although the earlier result was affected by a number of one-off factors.
Operating profit was up sharply year-on-year to A$67.2m from A$9.6M in the year to June 2009.
The company attributed this strong performance to significant increases in revenue from its US operations, offsetting lower revenue from its shipbuilding operations in...
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