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Balfour Beatty profit rises 26%

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Christian Fernsby ▼ | August 14, 2019
Balfour Beatty
Balfour Beatty   The UK builder said pretax profit was 63 million pounds

Balfour Beatty PLC said Wednesday that pretax profit rose 26% in the first half of 2019 as both revenue and order book rose.

Topics: Balfour Beatty

In the six months to June 27, the U.K. builder said pretax profit was 63 million pounds ($76 million), compared with GBP50 million in the first half of 2018. Underlying profit from operations - the company's preferred metric, which excludes exceptional costs - was GBP72 million, compared with GBP66 million this time last year.

Revenue for the period rose 1.2% to GBP3.88 billion, while the order book rose 4.8% to GBP13.2 billion.

The board has declared an interim dividend of 2.1 pence, up from last year's 1.6 pence.

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