Recovering Skanska says UK rejig beginning to pay off

By Dave Rogers2019-07-05T11:53:00

The Outernet Topping Out London - Orms & Skanska (5)

Pre-tax profit trebles at London Wall builder

Skanska says a restructure is beginning to pay off as the firm more than trebled pre-tax profit at its UK business last year.

The contractor, which recently won a £58m deal to build a new office block near Old Street roundabout for Derwent London and is also working on a £121m deal to refurbish London Wall for La Salle and Citygrove, said pre-tax profit jumped from £13.5m to £44m in the year to December 2018. Turnover for the year was up 7% to £1.9bn.

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