South East groundworks and concrete contractor O’Keefe Construction is predicting that Brexit project delays will hit revenues by around 12% this year.
The firm warned that market conditions had hardened with projects being delayed and cancelled.
Reporting stable pretax profit of £2.3m on revenue up 8% to £82m last year, the London-based firm warned it was forecasting a revenue drop in 2019.
Patrick O’Keefe, chief executive, said: “We believe that once political certainty is reached, these opportunities will once again go live and turnover levels will return to a level of controlled growth,but as always, we continue to focus on strong financial management of the company.”
Over the year the staff headcount rose to near 200.
from Construction Enquirer http://www.constructionenquirer.com/2019/03/05/okeefe-forecasts-12-revenue-fall-due-to-brexit/
via Tumblr http://ndbasilica.tumblr.com/post/183236069919
No comments:
Post a Comment