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Markets News

Kier's annual profit slumps 72.5%, Kier Living sale process resumes

Sept 17 (Reuters) - British contractor Kier Group on Thursday reported a 72.5% fall in annual pretax profit, hurt by costs related to COVID-19 and restructuring, and said it has resumed the sale process for its Kier Living unit.

The group, which delayed the publication of its results by a few hours due to a technical issue, said adjusted pretax profit for the year ended June 30 was 16.9 million pounds ($21.90 million), compared with 61.4 million pounds a year earlier.

$1 = 0.7717 pounds Reporting by Yadarisa Shabong in Bengaluru; Editing by Devika Syamnath

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