Legacy scheme blows hole in Costain profit

By Dave Rogers2019-08-21T07:18:00

Profit slumps more than half as firm counts cost of repair work at Oxfordshire job

Profit at Costain more than halved in the first half after the firm said it was forced to shoulder the costs of repair work at a scheme it completed more than a decade ago.

The firm had already flagged that pre-tax profit would be hit by a £9.7m to fix a roof at the £260m National Synchrotron facility in Oxfordshire which Costain’s building business completed in 2006.

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