Aecom revenue more than doubles to 拢11.9bn in first set of full-year results following URS mega-merger

Aecom has posted a 拢100m pre-tax loss in its first set of full-year results following its 拢2.3bn mega-merger with URS.

The US-based construction giant posted a $151.5m pre-tax loss (拢100m) for the year to September 2015, compared to a $229.9m (拢151.8m) pre-tax profit the previous year.

The firm posted an operating profit - which strips out financial costs - of $129m (拢85m), down 63% from $353m (拢233m).

The URS transaction - which closed in the first month of Aecom鈥檚 financial year, in October 2014 - fuelled a 115% jump in revenue to $18bn (拢11.9bn), up from $8.4bn (拢5.5bn).

Aecom鈥檚 design and consulting services business - which incorporates the lion鈥檚 share of the firm鈥檚 consultancy-dominated UK business - posted a 16% decrease in operating profit to $305.9m (拢202m), down from $365.9m (拢241.6m). The division鈥檚 revenue increased 47% to $8bn (拢5.3bn), up from $5.4bn (拢3.6bn).

Aecom did not share any financial numbers specifically for its UK or European businesses.

Aecom鈥檚 chairman and chief executive Michael Burke described the financial year as 鈥渞emarkable鈥 one for the firm after completing 鈥渢he largest combination in our industry鈥檚 history鈥.

He added: 鈥淒espite the attention to integration and uneven global economic trends, our results and outlook reflect the benefits of our diversification.鈥

Aecom increased its annual 鈥渟ynergy savings target鈥 for savings generated from the URS merger to $325m (拢214m), up from $275m (拢181m).

The firm expects to incur around $200m (拢132m) of acquisition and integration expenses in this financial year.

Aecom鈥檚 overall wins for 2015 totalled $18.7bn (拢12.3bn). Aecom鈥檚 construction services division built One World Trade Center (pictured).