BizNews portfolio laggard WBHO returns to profitability
Business update and trading statement in respect of the six months ended 31 December 2020
WBHO’s operations in Africa and the United Kingdom produced solid results over the first six months of the financial year amidst a challenging environment. The Group will return to operating profitability even though it has been negatively affected by further previously unidentified costs to complete the WRU project.
Building and civil engineering
The division has performed well over the period and revenue is expected to have improved substantially over that of the second half of the prior year and be approximately 4% down over the comparative period which was prior to the impact of COVID-19. The operating margin is expected to be broadly in line with the comparative period at 3.6%.