Costain's shares hit as it warns on 2019 profit

By Dave Rogers2019-06-28T10:13:00

Shares plunge as contractor says results will be hit by project delays and cancellations

Costain’s new chief executive Alex Vaughan has been forced to announce that profit in the half year will be off by £10m and warn that full year profit in 2019 will be down by as much as a quarter.

The firm said its underlying operating profit for 2019 will be down by as much as 28% after being caught up in a number of project delays and cancellations.

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