Stats NZ Data Suggests Small Construction Businesses More Profitable Than The Larger Players

  • Jun 26, 2020 NZST
  • Team Kalkine
Stats NZ Data Suggests Small Construction Businesses More Profitable Than The Larger Players

Stats NZ Tatauranga Aotearoa, New Zealand's official data agency, has announced that the operating profit of small construction businesses rose to $ 1.97 billion, up  $ 1.25 billion between 2019 and 2011, indicating a higher contribution to construction industry operating profit than that of medium or large businesses which increased by $ 273 million to $ 728 million.

As per the figures released, the contribution of small business stood at 37% of the construction industry’s operating profit while large businesses contributed 14 % only, before the Covid-19 pandemic kicked in.

 


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