Severfield Rowen warned this morning that it faced operational overruns of £1.6m on two unnamed complex projects in the UK.
Profit before tax in the first half is now currently expected to be in the order of £1.5m.
A trading statement added: “Our performance for the full year remains well supported by our strong order book, anticipated full capacity utilisation and good project mix in both the UK and India.
“While we still expect to deliver profit growth year on year, profit for the full year may be lower than current expectations.