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Skanska second-quarter operating profit above forecast

Skanska second-quarter operating profit above forecast
FILE PHOTO: Swedish builder Skanska sign is seen at the building site on Brompton Road in London, Britain November 7, 2018. REUTERS/Anna Ringstrom -
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STOCKHOLM (Reuters) – Swedish building group Skanska <SKAb.ST> reported on Wednesday a second-quarter operating profit above analysts’ expectations and said the market situation was overall positive.

Operating profit at the Nordic region’s largest builder – and one of the biggest in the United States – was 2.74 billion crowns (232.6 million pounds) against a mean forecast in a poll of analysts of 2.26 billion. A year earlier, the profit was 1.29 billion crowns.

Order bookings at the Construction division fell to 34.6 billion crowns from 39.1 billion.

(Reporting by Helena Soderpalm; editing by Johannes Hellstrom)

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