OnoMatopee schreef op 11 september 2019 10:14:
Galliford Try has reported a £61.5m operating loss on its construction activities for the year to 30th June 2019.
Chief executive Graham Prothero
Chief executive Graham Prothero
The division’s results were hit by contract reviews, including the ongoing saga of the Aberdeen Western Peripheral Route (AWPR).
Construction revenue fell by 18% to £1,386.8m (2018: £1,687.4m) as the AWPR project concluded and more selective bidding as introduced to focus on better margins.
The £61.5m operating loss was even worse than the previous year’s £29.1m loss. Excluding £46.4m of exceptional one-off costs relating to restructuring and contract write-offs, the operating loss was £15.0m this time (2018: £15.9m profit).