French firm Vinci saw its UK operations continue to suffer in 2015 with a pretax loss of £69.4m. Turnover fell from £1.017bn in 2014 to £935m in 2015.
The results, filed at Companies House revealed pre-tax loss for the year was £69.4m, compared to a loss of £216.9m in 2014.
Turnover in civil engineering decreased from £304m in 2014 to £270m in 2015.
In the building division, turnover fell from £480m to £404m.
Chairman Bruno Dupety said that this was deliberate, with fewer contract opportunities pursued. Dupety blamed problems with a small number of legacy contracts.
He said: “In view of our poor financial performances in 2014 and 2015, the group has launched an enterprise initiative focused on the basics of our business and of our group: quality and precision in the production process of our construction sites and focus on profit.”
He added: “We envision the benefits and rewards from this plan will be gained from 2016 onwards.”
