Warings, the South Coast subsidiary of French contractor Bouygues, has posted a 19% drop in turnover from 拢98.8m to 拢80.1m in the year to 31 December 2009

Despite the fall, the company boosted pre-tax profit from 拢202,000 to 拢1.5m as part of a drive by Bouygues UK boss Madani Sow to improve profit margins at the business. A profit of 拢1.5m on turnover of 拢80.1m is a margin of 1.9% 鈥� up from 0.2% in 2008.

Bouygues paid about 拢30m for Warings in December 2007 and it is still on the hunt for new deals in the UK. It is understood Bouygues was in talks with East Anglian based company Haymills before it was bought by rival Vinci at the eleventh hour last August.

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