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Austin reaps turnaround benefits

BUCKETS and bodies maker Austin Engineering has reaped the benefits of its two-year turnaround efforts to post a net profit after tax of $4.8 million for the first half of 2018-19.

Noel Dyson
An Austin Engineering truck body in use in Chile.

An Austin Engineering truck body in use in Chile.

That is up 10% from the $4.4 million NPAT it posted in the first half of the 2018 financial year. One-off restructuring costs from the two prior reporting periods were replaced this half by a $400,000...

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