Key points:
Record first half year revenue and underlying earnings performance
Higher returns driven by positive end markets and active portfolio management:
- Underlying operating margin 13.3%, up 100bps on prior year
- Return on invested capital increased to 20% (2016: 19%)
Underlying profit before taxation up 22% to £37.4m:
- Roads continues to benefit from the UK Smart Motorways programme, USA and Australia improving profitability
- Increased Utilities margin driven by active portfolio management
- Infrastructure investment in the UK driving improved galvanizing performance
Interim dividend increased by 11% to 9.4p
