Profits have soared for the operator of Australia's detention camps for asylum seekers in Papua New Guinea on Manus Island and on Nauru.
Broadspectrum, which used to be called Transfield Services, announced it had trebled its net profit for the first half of the year to $25.1 million.
Broadspectrum has been awarded a 12-month extension on its contract providing operational, welfare and security services to asylum seekers on Nauru and Manus Island. It has told investors it is the "preferred tenderer" for a new five-year contract it hopes to sign this year.
Like the article? Subscribe to Green Left now! You can also like us on Facebook and follow us on Twitter.