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Opus wants to expand into Asia

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Opus wants to expand into Asia

By: Blair Cunningham | Business News | Thursday April 12 2012 8:46

 

New Zealand engineering company Opus International wants to expand into Asia.

The listed company has told its annual general meeting that it's facing tougher times in traditional markets like Australia, the UK and Canada.

Newstalk ZB's business correspondent Roger Kerr says to balance that, it's looking to expand into Asia and the Middle East.

He says the results are still encouraging with a yearly net profit after tax of $24.5 million.

Mr Kerr says those results are very strong, given the weaker market conditions overseas at the moment.

Photo: Opus chairman Kerry McDonald (NZ Herald)

 

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