Today's interim results for the six months to March show the company limping back into the black with a pre-tax profit of £147,000 compared with last year's disastrous £19.5 million pre-tax loss.
Total exceptionals for the six months including redundancies at Allenbuild and the closure of YJL Construction amounted to £3.2 million.
Total exceptional costs are likely to be in the region of £6 million for the year.
The company appointed ex-Laing boss Brian May as chief executive last week, following Roy Harrison's stint to steady the ship as executive chairman.
Mr Harrison said: 'Our approach of phasing out exposure to high risk, low margin business areas is resulting in a much reduced risk profile going forward.'
Turnover for the half-year edged up 4 per cent from £212 million to £225 million. Montpellier's order book also stands at a healthy £582 million, although it has a restated pension deficit of £10.7 million.