End of Games dents McAlpine

CONSTRUCTION firm Sir Robert McAlpine saw its annual profits fall following the end of its Olympic Park contract, but it expects a turnaround in 2013 due to new contracts in London and the south east, it said yesterday.

Profits after tax fell to £19.2m for the year ending 31 October 2012, from £20.4m the previous year. Turnover dropped from £749m to £664m, annual accounts showed.

The firm’s lucrative contract at the Olympic Park ended in June 2012. Other contracts were completed during the year including the Sir Chris Hoy Velodrome in preparation for the 2014 Glasgow Commonwealth Games.