Laing O'Rourke posts stable results despite Europe decline

摘要

Laing O'Rourke has posted stable full-year results, after a decline in profitability in Europe was offset by an improvement in its Australian business. Reporting its results for the year to 31 March 2014, Laing O'Rourke Group posted total revenue of £3.57bn, broadly flat on the £3.56bn it posted the previous year. Group pre-tax profit stood at £51.9m, after £6.7m in exceptional items, down 9% on £57m the previous year. The firm's order book dipped 10% to £7.4bn, down from £8.2bn the previous year.