Detention centre contractors post $67m profit

THE chief contractor for welfare and garrison services at the offshore detention centres on Nauru and Manus Island posted a $67 million profit.

Transfield Services, which is also involved in a host of other contracting and infrastructure businesses, held its annual general meeting on Wednesday.

Board chairwoman Diane Smith-Gander told shareholders the company again rejected any allegations of misconduct by its employees at the detention centre network.

"It is not our place to debate a policy endorsed by two successive governments and which still has bipartisan support," she said.

"We simply determined that caring for asylum seekers was a task Transfield Services had the skills and experience to do well."

The company also rejected a takeover bid from Spanish firm Ferrovial, after the board believed the offer did not recognise the true value of the stock.

However, Ms Smith-Gander said negotiations with the Spanish company had continued in the hope of obtaining a price that reflected Transfield Services' true value.

- APN NEWSDESK



Rangers fear job cuts will lower safety in national parks

Rangers fear job cuts will lower safety in national parks

NPWS staff National park rangers facing the axe

Tweed drivers to take control of road strategy

Tweed drivers to take control of road strategy

Community asked to help with planning for future

Tweed panther spotted?

Tweed panther spotted?

Influx of big cat sightings across the country.

Local Partners