North Midland Construction plc provides earnings guidance for the year ended December 31, 2014. For the year, the company reported that an ongoing review of the few remaining outstanding legacy contracts, which were secured at the height of the recession, is expected to result in further provisions being required. The company now expects a materially larger loss before tax for the full year as a result of these increased accounting provisions.

However, the underlying profitability and revenue of the business for the year is likely to exceed expectations.