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Vinci boosts civils workload

Vinci’s UK civil engineering income has grown by more than half.

The Watford-based arm of the French construction giant this week posted civil engineering revenue of £379.2M for 2013.

This was up from £242.2M in the previous year. But pre-tax profit fell slightly to £10.4M over the same period.

Vinci UK recorded overall revenue of £1.3bn for last year – up from £1.1bn in 2012.

Pre-tax profit fell from £13.8M to £7.2M.

Heavy losses of £33.6M in the building division were compensated for elsewhere, with PFI work making Vinci £23.3M and facilities £6.7M.

Vinci subsidiary Taylor Woodrow this week won a £142M deal on London’s Crossrail project.

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