Birmingham pull-out adds to service provider’s £428m losses
Amey has posted a pre-tax loss of £428m for the year to 31 December 2018, hampered by a long list of exceptional items including £123m on the failed Birmingham City Council Highways PFI contract.
The losses also include a £314m write down on the waste collection and utilities businesses as the highways and environmental divisions all made losses before exceptional items.
However, the other areas of the business such as consulting and rail facilities management, justice and defence posted profits.
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