Interim profits at Alfred McAlpine’s capital projects division have fallen from £7.2m to £5.9m.
The division handles construction of buildings and infrastructure projects.
A £1m charge relating to the dispute with Sir Robert McAlpine over the McAlpine name further depressed the overall results as did its utilities services business. It is looking for bolt-on takeovers of up to £20m.
The national newspapers report different figures this morning for the group’s pre-tax profits. The Financial Times says these fell from £12.2m to £9.2m. The Times, to £9.5m and The Independent reports they fell 8% to £13.6m.
References: Financial Times 30/07/04 page 26, The Times (Compact) 30/07/04 page 52 (Need to know), page 53 (Results in Brief), page 54, The Daily Telegraph 30/07/04 page 35, The Independent 30/07/04 page 49
