Dubai blamed for Capita Symonds profit loss

Capita Symonds has seen its margins drop for the first half of 2006. The QS, PM and architectural group has reported a loss for the six months to 30 June compared to the same period last year down. This has partly been blamed on the firm pulling out of the Dubai Rapid Link contract.

A company statement said: "We have provided in full for the costs of our early exit. Consequently margins for Capita Symonds are lower than last year, but are anticipate to recover in the second half of the year."

The statement points to significant contract wins such as securing a project management framework with the BBC.