BREAKING NEWS

Balfour Beatty first half profit rises on UK construction rebound

Now Reading:

Balfour Beatty first half profit rises on UK construction rebound

Text size Aa Aa

(Reuters) – Balfour Beatty <BALF.L> reported an almost 70 percent rise in half-year pretax profit on Wednesday as its British construction business swung back into the black. Pretax profit from continuing operations was 22 million pounds for the six months to June 30, up from 13 million pounds a year ago, the firm said. The company’s British construction business reported a profit from operations of 2 million pounds, rebounding from a loss of 69 million pound last year. Its order book was down 8 percent at 11.4 billion pounds on selective bidding, the company said.

(Reporting by Rahul B in Bengaluru; Editing by Edmund Blair)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.