Beleaguered Costain cuts losses to pounds 7.4m
Saturday 04 April 1998
Turnover fell from pounds 745m to pounds 571m, due in large part to the disposal of the company's interest in coal mining. John Armitt, Costain chief executive, said yesterday: "Trading so far this year has been held back by uncertainty created by the protracted suspension of the company's share listing." In addition, short-term prospects in South-east Asia had diminished, he said.
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