Cautious trading statement from WSP, analyst forecasts 25% profit drop in 2009

Built and natural environment consultant does not anticipate any “significant further restructuring costs” in spite of challenging year

16-Dec-09 In a pre-close trading statement issued yesterday, WSP Group admitted that 2009 has been “challenging in some very testing markets” but that profits for the year will be in line with the management’s expectations “subject to any further provisions required from recent events in Dubai”. It said that group revenues in Dubai now only represent some 5% of overall group revenues and resources had been shifted to other...

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