Kier returns to profit after two-year turnaround

Kier Group is back in the black after posting years of heavy losses.

Latest results for the year to June 30 2021 show a pre-tax profit of £5.6m compared to a £225.3m loss last time as turnover dipped to £3,329m from £3,476m.

Chief executive Andrew Davies is now looking to build on the turnaround with a £7.7bn order book and a focus on the firm’s core businesses following a recent successful £241m capital raise and the £110m sale of Kier Living.

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Kier returns to profit after two-year turnaround

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