Opus Consulting lifts profit

Thursday 24th February 2011

Opus International Consulting has lifted its 2010 profit significantly even though the global financial crisis affected its main markets.

The company reported net profit after tax rose 18% to $22 million in the year to December 30, 2010. It was achieved on revenue of $367 million.

Earnings before interest and tax (Ebit) rose 22% to $31 million and the company was pleased with a turnaround in Ebit in the UK market. Ebit more than doubled in the Australian business.

The company declared a fully imputed final dividend of 7.7 cents a share.

"The Christchurch earthquake in September has clearly had a serious effect on our Christchurch team, yet their immediate response, with support from the wider Opus team was a very clear illustration of our commitment to the community, and our clients," managing director David Prentice said.

Prentice said that yesterday's earthquake was tragic for the city and its people but there should be no doubt of the commitment that our Christchurch team, and the whole of Opus, will put into meeting the challenges ahead.

NZPA

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