Balfour Beatty profits jump as turnaround continues
UK construction giant Balfour Beatty has posted a big jump in annual profit as its turnaround continues.
The company behind Crossrail and the transformation of the former Olympic Stadium into West Ham’s ground made a £117m pre-tax profit in 2017. That was up from just £10m in 2016.
It follows several years of weak performance after Balfour allowed its business to become too complex.
Boss Leo Quinn said it was now capable of “market-leading performance”.
Source by BBC