Metronet has made a provision of £14 million for the potential late delivery of station improvements, of which Atkins' share is around £3 million
A strong performance at WS Atkin's design and engineering arm in the year ending March 31 2005 helped the company balance a downturn in rail work and losses on a number of facilities management contracts.
Profits before tax during the year fell 3 per cent to £60.1 million from £62 million last time on a turnover broadly flat at £955 million up less than 1 per cent from £950.4 million.
The figures take into account a pension fund deficit, amortisation, goodwill and exceptional items. Adjusted pre-tax profits rose by 31 per cent to £73.6 million up from £56.2 million a year earlier.
Atkins said its focus on improving margins in core markets had been successful increasing to 5.9 percent from 4.9 per cent last time.