4Projects enjoys doubled profit (2)

An anonymous comment on yesterday's post about 4Projects says: "interesting 4Projects claimed to have made a £590,000 profit in Oct 2004" and points at a BIW press release. I think the confusion may have arisen because the 2004 headline figure included a proportion of 4Projects' profits that were returned to the parent Leighton Group. The full version of this week's Contract Journal story says 4Projects again passed back a proportion of its profits – around £600,000 – to its parent company.