* Pretax loss of 244.4 mln stg as restructuring charges weigh
* Shares fall more than 20 pct
* Expects restructuring gains by 2020 (Adds detail, background)
April 30 (Reuters) – Britains Interserve Plc reported a deeper annual pretax loss on Monday, sending its shares 20 percent lower, as CEO Debbie White leads a turnaround of the construction and support services company.
Shareholders on Friday approved a funding plan agreed with creditors in March after the company had warned it might breach covenants.
On Monday, White, who took over as CEO in September, gave a blunt assessment of the companys inefficient operating model.
Interserves pretax loss widened to 244.4 million pounds ($335 million) from 94.1 million while revenue of 3.25 bill…
Read the full article at: https://www.reuters.com/article/interserve-results/update-2-restructuring-deepens-losses-at-uks-interserve-shares-plunge-idUSL3N1S72T0