News

AHR posts £2.7m hit on Kazak operation

By 2019-12-02T07:00:00

Astana, capital of Kazakhstan

Source: Shutterstock / evgenykz

Architect baled out of former Soviet bloc country last year after deciding no more potential

Architect AHR took a near-£3m hit over its Kazakhstan operation after it effectively handed the business over to its local management for nothing.

The firm baled out of the former Soviet bloc country in October last year after deciding there was no more potential to be had from remaining in the territory.

In its accounts for 2018 AHR said its Kazakhstan operation posted losses of £103,000, and the architect lost just over £432,000 on its sale.

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