Property support company expects revenue to drop 拢40m from 2009 figure

Property support company Styles & Wood Group has announced it expects to see another sharp decline in its revenues when it releases its annual results at the end of the year.

In a trading update, it said revenue for the year to 31 December is expected to be between 拢95m and 拢100m, a fall from 拢139.3m last year and 拢243.1m in 2008.

The company said: 鈥淥ver recent weeks, the Group has experienced some customer deferral of projects anticipated to be delivered in quarter four of 2010鈥�.

However, it said it still expects to return to profit this financial year. In 2009 it made a pre-tax loss of 拢1.8m.

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