HEB Construction returns to profit in 2017 as sales grow 39%, year-earlier charge not repeated

Mon, 05 Mar 2018

By Paul McBeth March 6 (BusinessDesk) - HEB Construction returned to profit in 2017 as the construction company's revenue climbed 39 percent and as a $38.3 million charge on losses from a major project wasn't repeated. The Drury-based company, which was bought by France's Vinci Group in 2015 for 43 million euros, reported a profit of $11.6 million in the 12 months ended Aug. 31, turning around a loss of $23.5 million a year earlier, financial statements lodged with the Companies Office show. Construction contract revenue climbed to $462....

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