The net deficit in Carillion's pension schemes rose from £52.9m in 2002 to £76.6m last year, and the firm closed its final-salary scheme to new members last March.
Despite these extra costs, Carillion and Balfour Beatty turned in improved figures for the year ending 31 December 2003. Carillion increased pre-tax profit to £51m. Turnover eased £3m to £1.9bn.
Balfour Beatty's pre-tax profit rose 10% to £130m, and turnover increased to £3.7bn. Interserve, however, had a £2.9m pre-tax loss.
No comments yet