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Mace construction arm posts £62m pre-tax loss
Original: forco
Mace Construct, the construction business carved out of the Mace Group, has reported a £62 million pre-tax loss for its carve-out year. The result, disclosed on the group's projects site, points to significant financial strain during the separation process, prompting discussion about the carve-out's cost and the outlook for the restructured business.
Why now: News of the large loss in Mace's first year as a carved-out construction entity is drawing attention because of its implications for the firm's restructuring.
Evidence
- Mace Construct makes £62m pre-tax loss in carve-out year · https://megaproject.com/
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