Winvic profit falls a third after losses on two jobs

Shed and multi-room building contractor Winvic saw pre-tax profits fall for the first time after two jobs secured before the pandemic ran into loss.
Pre-tax profit nosedived a third to £10.5m in the year to January 2023 as the more challenging market also eroded margins.
But revenue at the group, which has also diversified into civils and infrastructure work, continued to rise steeply jumping 18% to £1.22bn.This also improved the group’s net cash position, which continued to st