Profit slumps at Laing O’Rourke’s biggest division

By Dave Rogers2021-02-24T06:00:00

Accounts for contractor’s plc arm show pre-tax profit fell by two-thirds last year

Profit at Laing O’Rourke’s largest division slumped by two-thirds last year, with the firm admitting covid-19 began to have an impact on its 2020 numbers even before the effect of the pandemic fully took hold.

The divisional performances of the £2.4bn business are now emerging and the results for its biggest, Laing O’Rourke plc, show that pre-tax profit fell to £10.5m from £32.7m in the 12 months to March 2020. Revenue was down 15% to £1.65bn.

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