Profit recovers at Laing O’Rourke’s biggest division

By Dave Rogers2022-10-13T06:36:00

Firm puts impact of pandemic behind it but losses on Canada hospital continue to edge up

Profit at Laing O’Rourke’s largest division jumped by more than threefold last year as the firm began to recover from the impact of the pandemic.

In its accounts, filed this week at Companies House, the firm said it had “made continued progress towards delivery of its strategic targets” with revenue up 20% to £1.8bn in the year to March 2022 – and was higher still at close to £2bn once its share of joint ventures was included. Pre-tax profit was £16.2m from £4.9m last time.

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