Multiplex profit rebounds as margin restored to 2.9%

Multiplex Europe’s construction business has continued to restore profitability after heavy losses two years ago.
The improvement came despite a sharp fall in revenue last year to £562m, due to jobs completing and a hiatus in progress at its One Nine Elms tower job caused by client finance issues.
Robust project operational delivery saw pre-tax profit restored to £11m, up from just £2.6m in 2021.
Before extra administration and finance costs, Multiplex said this equated t