Balfour Beatty beats profit expectations

International infrastructure specialist Balfour Beatty sprang a pleasant surprise with underlying profits coming in higher than expected.

International infrastructure specialist Balfour Beatty sprang a pleasant surprise with underlying profits coming in higher than expected.

Broker Panmure Gordon had expected headline first half profits to decline from £138m last year to around £131m, but in fact they rose 12% to £154m. Reported profit before tax, which includes exceptional items, edged up 2% to £93m from £91m.

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