Fleetwood posts record profit

EAST Perth-based accommodation and vehicle parts manufacturer Fleetwood Corporation Ltd has posted a 27 per cent rise in earnings before interest and tax to a record $51 million for the 2008 financial year. Revenue for the company rose 10 per cent from the previous year to $344 million driven by the securing of a number of significant contracts. Fleetwood’s accommodation sector recorded the biggest increase in revenue, up 18 per cent to $151 million while EBIT was up 62 per cent to $33 million. Meanwhile revenue for its vehicle arm rose three per cent to $192.5 million while EBIT was down 11 per cent to $19.5 million.

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