Coates posts double digit profit growth for 2023

Lewis Tyler Editor, Demolition & Recycling International

22 August 2023

Coates Hire has reported a 22% increase in EBIT profits to A$300 million (€177 million) for the 2023 financial year, with revenues increasing by 13% and surpassing A$1 billion (€590 million).

According to its owner Seven Group Holdings, the growth across all regions was aided by strength in the traditional…

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