Credit crunches Zaha's profit

摘要

Zaha Hadid Architects has blamed a 69% slump in profit on the difficulty in financing projects, writes Andrea Klettner.rnThe firm's pre-tax profit fell from ￡5m to ￡ 1.58m in the year ended 30 April 2009. Despite this, turnover rose ￡3m to ￡29.2m.rnIn its annual report filed at Companies House, the practice blamed the fall in profit on the "the tightening of credit lines, particularly those in the construction sector, and the knock-on impact that has had on the architectural world".