Lavendon Group, Leicestershire, England, last week announced a 2009 loss before tax of £47.75 million (US$72.2 million) compared to a profit of £22.51 million (US$34.05 million) the previous year. This included exceptional items of £58.17 million (US$87.99 million). Exception items in 2008 were £3.60 million (US$5.45).

Revenues fell 13 percent to £226.89 million (US$343.24 million) from £259.77 million (US$392.99 million) a year ago, reflecting decline in revenues from European businesses, partially offset by continued growth in Middle East business.

You can download Lavendon’s full preliminary presentation of its 2009 results by clicking here.