Laing O’Rourke back in black after firm stems Canadian hospital losses

By Dave Rogers2019-10-17T05:00:00

Contractor returns to profit for first time in four years

Laing O’Rourke has said it has no plans to look at new overseas markets after managing to stem losses at a PFI hospital contract in Canada which helped it return to the black last year.

The country’s biggest private builder, which has previously filed its last two sets of accounts late, turned in a pre-tax profit for the first time in four years after cost blowouts on the Centre Hospitalier de l’Université de Montréal (CHUM) project helped rack up cumulative losses of £416m between 2016 and 2018.

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