The fallout from a problem project has dented margins at contractor Multiplex, which has reported pre-tax profit of £4.2m for the year to 31 December 2017.
The figure is 74% lower than the £16m pre-tax profit the company made the year before.
Turnover was £1.2bn in 2017, up from £1bn in 2016.
In accounts filed at Companies House, Multiplex said its earnings benefited from certain higher margin projects but that these were dragged down by reduced margins on an unnamed “challenging project” set to be completed this year.
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