White Young Green’s Irish division suffers losses

THE Irish division of international civil engineering consultants, White Young Green (WYG) made an operating loss of £200,000 (€235,000) in its latest financial year – down from a profit of £3.8m – as the decline in the construction sector hit the business hard.

The Leeds-headquartered company – which last year, began to make an effort to become more international and reduce its dependency on its core British and Ireland operations – blamed the switch from profit to loss in its Irish business on the recession and the ongoing reduction in construction industry activity.

The results for the company also showed a 38% drop in net revenue to £26.6m, for the 12 months to the end of June. However, the company – which built up a sizeable presence in Ireland, mainly through acquisitions, over the last few years – remains committed.