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Coffey returns to profit

Coffey logo on standard background

Positive H1 results; focus on deleveraging & organic growth

20-Feb-12  A return to profit has been reported by Australian consultancy Coffey International, despite a drop in revenue. Releasing results for the first half (H1) of the year (July-Dec 2011), Coffey reported revenue of A$334.9 million (£227.3m), 9% down on the same period a year earlier. However, EBITDA was 123% up, at A$23.0 million (£15.6m). This was, in part, thanks to a lack of impairment charges and restructuring costs. Its H1 EBITDA...

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