Builders say Queensland’s soaring demand for construction of hospitals, transport infrastructure and Olympics-related work is lifting revenue and profits even as they warn that their industry could run out of enough people and resources to meet the volume of work.
Melbourne-based Kane Constructions said revenue jumped 11 per cent to $1.1 billion and comprehensive profit more than doubled to $73.6 million in the year to June as all three states in which it works – Victoria, NSW and Queensland – proved profitable, but Queensland was firing the fastest.
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