Latest news with #Multiplex
AU Financial Review
04-05-2025
- Business
- AU Financial Review
Star's Brisbane project pulls Multiplex deeper into loss
Construction giant Multiplex sank deeper into loss last year after it wrote off $192.6 million for building work on Brisbane's Queen's Wharf casino, resort and residential project as the financial position of its Star Entertainment joint venture client deteriorated. The impairment pulled Multiplex's net after-tax loss to $219.5 million last calendar year from $34.6 million, even as revenue jumped by one-third to $4 billion, the Sydney-based company revealed in financial documents lodged with corporate regulator ASIC last week.
AU Financial Review
24-04-2025
- Business
- AU Financial Review
Roberts Co NSW to be acquired by UAE builder Arada
Rich List investor Andrew Roberts will sell Roberts Co, the building contractor he founded eight years ago, to United Arab Emirates-based construction and property business Arada and exit construction, a sector he has been involved with all his life. Roberts, whose family founded Multiplex – and sold its controlling 26 per cent stake to Canada's Brookfield in 2007 – will sell Roberts Co NSW, the original entity in the company he founded in 2017, chief executive Emma Shipley told staff on Thursday. The sum for the sale was not disclosed.
