The change in fortunes follows a debt for equity swap to clear almost £300 million of debt and the sale of subsidiaries to leave Jarvis with road, rail and plant businesses.
returning to normality.'
Exceptional costs involved with the rescue of the business left it with a pre-tax loss of £60.9 million, compared with last year's £283.4 million plunge into the red.
Turnover was down to £204 million from £302.8 million due to the exit from construction and most highways maintenance, as well as delays to rail projects.
Jarvis hopes it will only be involved with one of the 14 PFI building contracts which caused so many financial problems for the group by the end of the year.
The firm's rail and plant business showed a strong recovery over the
period to make profits of £14 million on a turnover of £128.1 million, slightly reduced by the decline in West Coast and Thameslink work.
The recovery was more sluggish in the roads business, where Jarvis reduced losses to £2.5 million on a reduced turnover of £37.6 million due to its exit
from nearly all highways maintenance business.