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Opus International Consultants Ltd (Opus) has reported a restructure of its Executive Leadership Team effective immediately.
Chief Executive, Dr David Prentice says these leadership changes are to support an ongoing programme of growth and development.
Hugh Morrison has been appointed as Opus’ new Director of International Growth. He will commence the role on 13 October 2014 replacing the incumbent Alec Webster who retires at the end of 2014.
Opus International Consultants (Opus) has reported a positive result for the first six months of 2014. In the half-year ended 30 June 2014, revenue was $265.4m, a 25% increase over the same period last year and earnings before interest and tax (EBIT) was $14.3m, an increase of 8%. Net profit after tax (NPAT) increased by 6% to $9.9m.
Opus International Consultants has officially opened its new research and training centre in Petone, Wellington, with the Prime Minister, Rt. Hon. John Key, flicking the switch on its brand new wind tunnel to mark the occasion.
The Annual Meeting of Opus International Consultants shareholders was held today in Wellington.
At today’s Annual Meeting Opus International Consultants’ Chairman, Kerry McDonald, reported strong results for 2013.
Opus’ revenue rose 13% to $459.7m and EBIT by 14% to $34.3m. While NPAT was down 2.6% on 2012, Opus’ delivered a Return on Equity of 17.7% compared with the NZX 50 market capitalisation weighted average of 11.2%. The decrease in NPAT mainly reflects higher interest and tax costs.
Trimble Navigation’s Christchurch Office was destroyed by a fire in May 2011 following the February earthquake. The redevelopment proposals presented to Trimble by Opus International Consultants incorporated the Architect’s vision of using the latest timber engineering while incorporating additional floor area to address both their current and future needs.
Opus is to acquire the business of the New South Wales based survey, civil engineering and water design firm, Bowdens Group Australia Pty Ltd, currently located in Parramatta, Sydney.
Opus had a strong year with improved top line performance and increased profitability from its offshore markets.
Opus International Consultants was one of only seven global finalists for the Leading Consulting Engineers of the Last 100 Years Award at the 2013 International Federation of Consulting Engineers Conference in Barcelona, Spain.