Mouchel announces loss for 2008/09

Bad Middle Eastern debts, withdrawal from rail & restructuring hit profits

07-Oct-09 Describing the twelve months to 31 July 2009 as a “difficult and disappointing year”, Mouchel chief executive Richard Cuthbert has nevertheless insisted that “we have continued confidence in our long-term prospects”. Results for 2008/09 record an increase in group-wide revenue of 13%, to £740.6 million. Organic growth was 9%. Mouchel reports an order book of £1.9 billion and a bidding pipeline of projects...

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