Graham Group's profit falls again

By Hamish Champ2018-06-29T06:00:00

Michael Graham%2c Executive Chairman%2c GRAHAM Group 1

Northern Ireland-based contractor blames knock-on effects of ‘major contractor collapse’ and failure of a JV partner

Graham Group, the privately-owned Northern Ireland-based contractor, has reported an 18% dip in annual pre-tax profit, the second year in a row it has posted a decrease.

Despite reporting a 36% hike in turnover – to £768m – for the year to the end of March 2018 the firm said margins had been hit by what it called “the knock-on effects of a major contractor collapse”, thought to be Carillion, and the collapse into administration of an unnamed joint venture partner.

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