Fulton Hogan has lifted annual profit by 9.7 per cent, with activity in Auckland and Christchurch underpinning the construction company's performance, offsetting slower Australian activity.

Net profit rose to $151.6 million in the six months ended June 30, from $138.2m a year earlier, the Christchurch-based company said in a statement. Revenue fell 11 per cent to $2.9 billion, with a slowing resources sector across the Tasman, particularly in Western Australia and Queensland, weighing on sales….