Building profits fall

Published:  19 February, 2013

Morgan Sindalland McLaren Construction Group have reported that their profits are down.

Pre-tax profits at Morgan Sindall fell 15% to 32.4m after a 10m one-off restructuring cost in the construction and affordable housing arms. Revenues in the year to December also fell 8% to around 2bn as demand dropped across construction.

The McLaren Construction Group's results at Companies House show turnover up 41% to 376.4m from 266.6m last time. But pre-tax profits dipped slightly to 6.1m from 7m the previous year. The group results cover McLaren's construction, property and international divisions.

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