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Australia’s Tuff Bryant Posts Strong Increase
Australian crane and equipment rental company Tuff Bryant Group Limited posted a net profit of AU $26.6 million (about U.S. $25.4 million) for the full year ended March 31, a 107-percent year-over-year increase. The company said it was well-positioned for further growth organically and by acquisition in fiscal year 2009.
The company’s revenues for the year climbed 31.3 percent to $302.8 million, up from $230.6 million for the previous year.
During the year, the company acquired Melbourne-based Bradshaw Ultra Heavy Haulage, Townsville-based Compactor Hire and Farren & Lawson, a rental business based in Goulburn, New South Wales.
The company’s increase reflects a full-year contribution from previously acquired Muswellbrook Cranes and Paramount Hire.
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© 2009 Penton Media Inc.
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