results10 Mar 2022 08:01
FTSE 250-listed construction firm Balfour Beatty said its annual results were ahead of expectations, and it has upped its 2022 share buyback to GBP150 million.
For 2021, pretax profit nearly doubled to GBP87 million from GBP48 million in 2020, but revenue slipped 3.8% to GBP8.26 billion from GBP8.59 billion.
Underlying profit from operations from earnings-based businesses more than doubled to GBP181 million from GBP75 million, and was ahead of the GBP172 million seen in 2019.
Balfour declared an annual dividend of 9.0 pence per share, up from just 1.5p in 2020.
Balfour ended 2021 with an order book of GBP16.1 billion, down slightly from GBP16.4 billion at the same point the year prio