Revenue from Middle East has fallen 60% in last two years

Rising workloads in the UK helped keep turnover levels up at Aecom last year after the firm said income in the Middle East continued to fall.

Aecom Ltd, which covers most of its UK business, said in accounts filed at Companies House that revenue in the year to 3 October stayed flat at £771m. Pre-tax profit was up 5% to £39m.

aecom index

Aecom said turnover from the Middle East has dropped from £157m to £63m in the past two years

In a note accompanying the accounts, which were signed off at the end of last month, the firm said income from the UK was up 6% to £661m but revenue from the Middle East fell 42% to £63m – meaning workloads here have fallen close to 60% in the past two years from £157m.

The firm did not say why revenue in the Middle East had dropped again but several jobs across the region have been pulled or stalled in the past few months – one of which prompted last week’s protest over redundancy plans by architects from BIG outside the practice’s office in the City of London.

The average number of employees across Aecom Ltd during the period fell 6% to 4,144.

 

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