Opus Consultants Limited held their annual general meeting yesterday in Wellington. Opus had previously reported a decrease in net profit after tax and a smaller dividend to shareholders. One of the silver linings was the company’s strong performance in Canada, spurred in part by their NZ$53m acquisition of Stewart Weir.
Some of the highlights and future projections included:
More opportunities in the New Zealand market as the rebuild begins to take shape
- Private and local body spending remains tight
- Pacific islands were providing a number of new roading opportunities
- Australia was proving tough, although Opus Rail in Western Australia and Queensland was performing well
Opus shares are currently trading at $1.92 having dropped 11.5% since the beginning of February this year.