Coffey International a force to reckon with

CONSULTANT company Coffey International has cemented itself as a world leader, acquiring eight businesses in the 2007 fiscal year and boosting profit margins by 42% after tax.
Coffey International a force to reckon with Coffey International a force to reckon with Coffey International a force to reckon with Coffey International a force to reckon with Coffey International a force to reckon with

Coffey International managing director Roger Olds

Staff Reporter

Five consulting businesses and three project management businesses were taken over by Coffey International in the past financial year, resulting in organic growth of 17%.

These included the $A4.6 million acquisition of rail engineering consultancy Asia Pacific Rail and management consultancy John Wertheimer Consultants announced in July this year.

More takeovers are in the pipeline as the Australia-based company expands internationally, with permanent offices now established in the UAE, Indonesia, Vietnam, Papua New Guinea, the US, the Philippines, South Africa, Ghana, Zambia, the UK and New Zealand.

Managing director Roger Olds said an increase in staff numbers from 1700 to 2500 during the financial year was pleasing, especially when considering the high demand for resources.

Profit after tax was up 42% for the year to $A19 million and directors have declared a fully franked dividend of 8c per share, bringing the full-year dividend to 15c per share.

In May of this year Coffey Mining, a Coffey International company, launched its Coffey Mine Development subsidiary that provides engineering design and construction management services to underground mines in Australia, South Africa and Eastern Europe.

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