Restructuring takes the shine off Connaught's results

摘要

Pre-tax profit at social housing contractor Connaught fell 13% to ￡10.7m in the six months to the end of February as it was hit by ￡10m of restructuring and acquisition costs.rnHowever, turnover at the group, which refurbishes and maintains social housing, rose 17% to ￡355m on the same period last year, and profit before exceptional costs was up by a fifth to ￡20.7m.