Fullers ferries still in the red despite record revenue
Cost increases drive results into loss as customer satisfaction deteriorates.
Most of Fullers' revenue now comes from Auckland Transport contracts.
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Auckland ferry operator Souter Holdings Fullers has reported a record revenue for the year to March but higher costs kept the bottom line in the red.
Financial statements filed to the Companies Office show the company’s revenue hit $70 million this year, up from $47.5m a year earlier.
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