Rail contractor Jarvis has unveiled greater pre-tax losses than expected in its first half results, which it blamed mainly on uncertainty in its plant business.
It posted a pre-tax loss of 拢3.3m for the six months to the end of September, against a 拢2.1m loss last time. Pre-tax losses before exceptionals were 拢600,000, compared with a profit of 拢500,000 a year ago.
Jarvis said it would achieve 鈥済reater visibility鈥� for its business in future and said it expected to post its best full-year result since 2003.
Jarvis has spent the past year restructuring its business which has seen it close its construction business and dispose of a raft of other non-performing units.
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