Balfour Beatty profits jump as turnaround continues

  • 14 March 2018

Workers on CrossrailImage copyright
PA

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

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