Rok reveals cost of credit crunch with £125m shortfall in revenue

摘要

The credit crunch has cost Rok more than £125 million in revenue and £12 million in profit, according to finance director Ashley Martin.rnThe contractor's revenue passed the £1 billion mark in 2008 increasing 16 per cent from 2007 to £1.01 billion.rnBut Mr Martin said that as recently as September, the firm was aiming for about £1.15 billion for the year.rnProfit for 2008 ended some £12 million down on Rok's forecasts six months ago. The results showed a 76 per cent drop in pretax profit to £5.9 million from £24.5 million a year earlier.