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Highlights
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Revenue up 28% at £4,332 million
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Pre-tax profit up 25% at £95 million
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Adjusted earnings per share up 14% to 16.2p
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Interim dividend increased 11% to 5.1p
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Order book up 14% at £12.1 billion
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Net cash of £333 million, after £272 million acquisition expenditure and £183 million share placing
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Acquisition of GMH Military Housing establishes strong US PPP presence
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Preferred bidder position achieved for M25 widening PPP
"The first half of 2008 was a further period of substantial growth for the Group both organically and through acquisitions. Financial performance improved significantly, our order book continued to increase and our cash position remains strong.
We anticipate that order intake and trading performance will remain strong throughout the year and that we will make further good progress in the second half of the year."
Steve Marshall, Chairman
Ian Tyler, Chief Executive
Download the full news release here.
Download the Balfour Beatty plc Half-Year Financial Report 2008 here.
Download the Balfour Beatty plc Half-Year Update 2008 here.
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