Firm鈥檚 UK arm shrugs off recent woes to return to profit

bouygues

Reorganising the business and more jobs making money helped return the UK business of French giant Bouygues into the black last year.

The firm had nosedived to a 拢78m pre-tax loss in 2016 which the firm said was down to a handful of loss-making jobs and ballooning supply chain costs.

But the firm said a number of recently awarded jobs were contributing 鈥減ositively鈥� to operating profit while a rejig of the business, which included absorbing its Thomas Vale subsidiary into its group UK business, helped see the firm post a pre-tax profit of 拢8.6m for the year to December 2017.

Turnover was up 7% to 拢597m with recent project wins including a 拢35m training centre at the Hinkley point C nuclear power station in Somerset and a 拢123m innovation hub for Cardiff university.

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