The construction side was the big earner at BICC Plc, which reported pre-tax profit for 1993 up 65% at UKP104m. Operating profit in the BICC Cable division fell 14% to UKP67m, but it attributed this to major losses in Spain, a market rapidly looking like a graveyard for UK companies, where BICC had to close two factories and cut the workforce by nearly 40%. Recently, we have seen some signs of improvement in Australia, North America and the UK, and other European markets are likely to stabilise in the current year. Accordingly, we expect to see our performance improving in 1994, the firm said.
