Senate debates

Thursday, 17 March 2016

Questions without Notice

Defence Procurement

2:25 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

The future evaluation of ASC is, self-evidently, a function of its future performance. But, during the most recent financial year, ASC recorded an after-tax profit of $21.9 million, which was a material improvement on the performance in the previous financial year and which was the result of significant productivity improvements. We look forward to ASC continuing to improve its performance moving forward.

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