Building giant BGC slumped to a $67.6 million net loss in the year to June 2017 from a $32 million profit a year earlier, newly filed figures with the corporate regulator show.
BGC, which ranked as Australia's sixth-largest privately owned company last year, swung into loss as expenses jumped by almost $100 million to $1.96 billion and revenue dropped by $70 million to $1.9 billion, the figures show.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com