Hutchies Profits Hit Amid Rising Costs

Hutchinson Builders experienced a dip in profit in the 2019 financial year, despite customer receipts which exceeded $3 billion.  The fall in profit margin came down to the rising costs of labour and materials, with Hutchies’ receipts total amounting to $2.8 billion in construction revenue, but gross profit hitting a low of $51.3 million.  The group’s 1.8 per cent profit…