Remediation costs see Durkan fall to loss despite income growth

Remediation costs see Durkan fall to loss despite income growth

Housing contractor and housebuilder switches focus to recently launched regeneration business

Durkan hit by fire safety remediation bill - Construction Management

Housebuilder Durkan has incurred £9.3m of net exceptional costs relating to the remediation of fire safety issues on legacy projects. The group has reported an increase in its consolidated turnover to £191.9m and a £4.1m increase in operating profit driven by the growth of its Durkan Homes and Durkan Regen businesses. However, the group reported a pretax loss of £6.4m as a result of the fire safety remediation provisions. Durkan Homes’ turnov…

Third year of struggles for Durkan as it posts £8.3m pre-tax loss

Durkan has marked a third year in the doldrums with a pre-tax loss of £8.3m, after being forced to make redundancies in its struggling contracting division. This year’s shortfall follows losses of £3.9m last year and £9.3m the year before. Turnover shrank from £170m to… The post Third year of struggles for Durkan as it posts £8.3m pre-tax loss appeared first on Construction News.