Corporate Travel Management banked on earning margins of at least 50 per cent from parts of a controversial contract to house asylum seekers in the United Kingdom.
While the ASX-listed group has sought to keep details of the contract secret, its own documents and The Australian Financial Review’s analysis indicate how lucrative the payday would be for the company from government contracts involving refugees.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
