Laing O’Rourke’s UK construction business suffered a pretax loss of £141.3m in its latest results.
In results filed for the year to March 2016 the contractor posted a pretax loss of £141.3m on a turnover of £1.11bn. In its previous year’s results, the company reported a pretax loss of £59.4m on revenue of £1.02bn.
The firm said work linked to its offsite prefabrication plant, specifically three Design for Manufacture and Assembly (DfMA) projects in the UK, contributed heavily to losses after incurring exceptional costs of £26.6m.
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