Balfour Beatty swung to a pretax profit of £12m in the six months ended 30 June, from a loss of £15m in the year-earlier period, its first H1 profit since 2014.
The company’s infrastructure pipeline in the US and UK remains buoyant and the group continues to win landmark contracts, chief executive Leo Quinn said.
The company’s order book fell to £11.4bn from £11.9bn, which Quinn attributed to scaling back exposure to some sectors, as well as some contracts not being accounted for until the second half of the year.
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