BUSINESS

Amey records £428m loss

A costly highways contract with Birmingham City Council has contributed to a pre-tax loss of £428m for outsourcing firm Amey.

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By Martin Ford | 01 August 2019

A costly highways contract with Birmingham City Council has contributed to a pre-tax loss of £428m for outsourcing firm Amey.

Revenue increased by 5.7% from £2.2m to £2.32m compared to the first half of 2018 and the company achieved a pre-tax profit of £208,000 before exceptionals.

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Martin Ford

Popular articles by Martin Ford

  1. Councils support people fleeing Lebanon
  2. Councils in cohesion cash plea
  3. Council issues formal complaint over public interest report
  4. Councils call on Government to 'back up its rhetoric' on devolution
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