Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Profits fall at Barr

FINANCE

PROFITS have collapsed at Barr and its board has yet to finish a sale of the Scottish construct ion business that it put on the market last year.

In the year to March 2005 Barr made a £455,000 pre-tax profit against £2.3 million in 2004 when chief executive Tony Rush sold non-core activities including Ayr United Football Club and an ice rink. In the first half of this financial year Barr, which had £350 million of orders, made a £1 million profit.

Mr Rush said: 'The turnover of our construction group is up over 50 per cent year-on-year in the first six months and is producing satisfactory margins. All other activities are reporting improvements on last year.'