U.S., Sept. 17 -- Kier Group, one of the UK's leading construction, services and property groups, has reported further losses during 2020 primarily as a result of the COVID-19 pandemic and lockdown which affected the nation from March this year onwards.
The company is still recovering from a £244.9mn pre-tax loss from last year which means almost half a billion pounds were lost in the space of just two years.
Kier's revenues fell by 15 per cent in the latest year, dropping to £3,476mn. This was following challenging marketing conditions which were mainly caused by the coronavirus pandemic which had, and continues to have, detrimental effects on construction and infrastructure services.
In addition to the reported loss, Kier Gro...