Edition:
United Kingdom

Balfour Beatty FY Underlying Pretax Profit Up 10 Pct


Wednesday, 13 Mar 2019 

March 13 (Reuters) - Balfour Beatty PLC ::BALFOUR BEATTY PLC RESULTS FOR FULL YEAR 2018.FY UNDERLYING PRE-TAX PROFIT INCREASED 10% TO £181 MILLION.RECOMMENDED FINAL DIVIDEND OF 3.2P, UP 33%; FULL YEAR 4.8P (2017: FULL YEAR 3.6P).FY UNDERLYING REVENUE 7,802 MILLION STG VERSUS 8,234 MILLION STG AS REPORTED LAST YEAR.FY UNDERLYING PRETAX PROFIT 181 MILLION STG VERSUS 165 MILLION STG AS REPORTED LAST YEAR.FY ORDER BOOK INCREASED BY 11% TO £12.6 BILLION.REMAINS CONFIDENT THAT GROUP WILL PERFORM IN LINE WITH MARKET EXPECTATIONS IN 2019.WORKING CONSTRUCTIVELY WITH INDUSTRY BODIES AND UK GOVERNMENT TO IDENTIFY AND MANAGE ANY CHALLENGES CAUSED BY UK'S EXIT FROM EU.BALFOUR BEATTY RECOGNISES INHERENT UNCERTAINTY ARISING FROM BREXIT AND HAS BEEN PLANNING FOR ALL OUTCOMES.CO RECOGNISED AN ADDITIONAL £29 MILLION LOSS ON AWPR PROJECT IN 2018.