Monday, 19 April 2010

Auburn. $212 million to capture growth

The Auburn-based Hastie Group, an international designer, installer and maintainer of technical services to the building and infrastructure sectors, recorded a half-yearly profit of $23.5 million. Hastie said it was well placed to take advantage of the economic recovery in Australia and its key overseas markets. Hastie, with operations in Australasia, UK and Ireland, and the Middle East, said it has undrawn term debt facilities of $121 million, providing the financial flexibility to capture growth opportunities.

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