Severfield expecting profit to bounce back in second half

By Dave Rogers2019-11-26T12:54:00

Farrat CPD June 2019 22 Bishopsgate during construction with Farrat Thermal Break in-situ, courtesy of Severfield

Firm reports that interim figure fell by a third

Google steelwork contractor Severfield said it expects profit to bounce back in the second half after the firm’s pre-tax profit slumped by a third in the first six months of the year.

The contractor, which has now completed its work on the City of London’s tallest tower, 22 Bishopsgate, said pre-tax profit dropped to £8.2m in the six months to September from £13.1m during the same period last year.

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