This was despite the firm landing some significant contract awards

Sir Robert McAlpine鈥檚 profit after tax fell 23% last year according to results posted by the Olympic stadium鈥檚 contractor. Profit after tax for the year ending October 2010 was 拢24.7m, down from 拢32.2m the previous year.   

Turnover also slumped by nearly a third to 拢647m from 拢976m in 2009.

The firm, however, did land some significant contract awards during the year and has a healthy cash balance of 拢228m.

Alongside that, work on the 80,000 seat Olympic stadium development is almost concluded, with completion scheduled for spring 2011.

Sir Robert McAlpine discontinued its wind renewables business in 2009 and reduced its staff numbers across the group by almost a third.

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