Balfour Beatty increases its 2017 interim dividend by 33%

DividendMax Ltd.

Balfour Beatty increases its 2017 interim dividend by 33%

Balfour Beatty 2017 Interim results

Financial Highlights

Underlying profit from operations (PFO) £39m (2016: £11m); on track for full-year expectations 

Half-year net cash £161m, average net cash £45m - without material investment disposals

Underlying revenue £4.2bn, up 8% (1% at CER)

Directors' valuation of Investments portfolio up 1% at £1.235bn 

Interim dividend payment up 33% to 1.2 pence per share

Operational Highlights

Build to Last Phase Two targets: on track for industry-standard margins in the second half of 2018

Continued to simplify and focus the Group; exited Middle East 

Order book £11.4bn, down 8% (6% at CER); selective bidding delivering higher margins and reduced risk 

Balfour Beatty VINCI joint venture awarded two HS2 contracts in July, valued at c.£2.5bn

Strong pipeline for US and UK businesses

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