Hargreaves Services results “very strong” in light of HS2 delays, CEO insists


 

Revenues at Hargreaves Services fell by 7.9% in the year ending 31 May 2021, largely due to a delayed start to the HS2 contract. The group reported total revenues of £204.8m compared to £222.2m in the previous year, but chairman Roger McDowell said it was “a very strong set of results” delivered against a backdrop of the Covid-19 pandemic. Pre-tax profit was £14.4m (£2.2m), with underlying profit before tax £16.3m higher than the previous year, at £21.2m. The group said […]