Under fire Gladstone sees big profit rise
Gladstone Port Corporation lifted after-tax profits by 26% in 2011-12, despite Queensland premier Campbell Newman declaring no confidence in the board’s and executive’s financial management.
Photo credit - Shutterstock
Mr Newman dismissed long-serving, Labor-aligned GPC chairman Ian Brusasco and other board members in June, along with Labor appointees at other state port corporations, to the consternation of many in local communities.
According to the GPC’s annual report, tabled late last...
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