Transfield shares soar as company returns to black

By Jenny Wiggins
Updated August 29 2014 - 12:18pm, first published 12:02pm
Light at the end of the tunnel: Transfield has swung back to a net profit on infrastructure projects in Australia and New Zealand. Photo: Daniel O'Brien
Light at the end of the tunnel: Transfield has swung back to a net profit on infrastructure projects in Australia and New Zealand. Photo: Daniel O'Brien

Transfield Services' shares have surged 25 per cent as it forecast higher earnings in 2015. The company has swung to a full-year net profit of $53 million from a hefty $254.5 million loss a year earlier as income from its core Australian and New Zealand infrastructure operations offset falls in its American business.

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