Multiplex Construction edges back into profit

Multiplex Europe’s construction business edged back into profit last year after enduring a £158m pre-tax loss in 2020 blamed on the impact of Covid.
The firm saw revenue recover by almost a third to £793m in 2021, helping it to return a modest £2.6m pre-tax profit.
Before extra administration and finance costs, Multiplex said this equated to a construction margin of 3.2%.Callum Tuckett, Multiplex’s UK managing director, said: “We continued to manage our liquid