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MWH UK sees profits drop in 2008

Drop in workload expected in 2009, but medium-term outlook for water sector is “very good”.

17-Sep-09  Operating profits generated by MWH's UK consulting and engineering business halved, from £11.79 million to £5.87 million, for the year ending 31 December 2008, partly due to an £8.67 million increase in administrative expenses, according to financial accounts lodged at Companies House. Meanwhile, sales rose by just under 7%, or £7.23 million, to reach £114.45 million. The "wet infrastructure" specialist, which...