Thursday, 25 February 2010

Silverwater. Hastie Group's profit down

The Hastie Group, at Silverwater, which provides technical services to the building and infrastructure sectors, has reported a net profit of $21.6 million for the six months to December 31, down from $31.8 million in the previous corresponding period. The 32 per cent fall in first-half net profit was due to the global downturn. “In Australia we are seeing an upturn in tenders, with greater signs of activity in the resource-rich states of Queensland, Western Australia and South Australia,'' said CEO, David Harris.