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Fri July 20 2018

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BAM Nuttall slips a fifth

14 Jun 17 Profit and turnover at BAM Nuttall were substantially down in 2016, with both reduced by a fifth.

Turnover was down 19% at £637m (2015: £787m) and pre-tax profit was down 21% £14.3m (£18.2m).

The value of work in hand at year-end was down by a similar 22% to £716m (2015: £925m).

However, chief executive Stephen Fox said that the company had performed well and had achieved group expectations. Although the order book had reduced, it remained ‘healthy’, he said.

 

MPU

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