Jarvis cut full-year pretax losses from £59.1m to £14.1m in the year to 2 April. Financial Times
During the year, the group completed its last construction contracts and terminated three loss-making facilities management contracts.
The company said last week that the sale of the facilities management contracts would cost the company £7m but would stem losses of £3m a year. The remaining facilities management business consists of 28 contracts and is likely to be disposed of this year.