Costain back in profit with margins restored to 2.5%

Costain delivered a business turnaround last year with pre-tax profit rebounding to £33m from a loss of £13m previously.
Revenues jumped by a fifth to £1.42bn with the surge improving cash levels and restoring operating margin to 2.5%.
Alex Vaughan, Chief Executive Officer, said: “Our performance in 2022 delivered strong growth in revenue and operating profits, with significant free cash flow, ending the year with a net cash position of £123.8m.“I am pleased t