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