Contractor Osborne has reported a slight dip in annual pre-tax profit from 拢2.71m to 拢2.76m after it recorded losses on three contracts.
Turnover rose 拢3.7m to 拢135.1m for the year to 31 March with increases in all divisions except housebuilding, where turnover fell 拢2m to 拢9.3m.
Two of the loss-making contracts were in the civil engineering division and one was in the maintenance business.
Chairman Tony Kelley said problems in the firm's maintenance division had led to a restructuring and a shake-up of working practices.
