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Last Updated: Wednesday, 10 March, 2004, 08:03 GMT
Balfour Beatty sees profits jump
Forth rail bridge
Balfour Beatty is refurbishing the Forth Railway Bridge in Scotland
Construction and engineering firm Balfour Beatty has reported a 10% rise in annual profits.

The UK group said pre-tax profits before exceptionals rose to 130m ($239m), from 118m the previous year.

Construction firms have benefited from recent government spending on public services, including work on hospitals and transport links.

Balfour said its order book grew 14% to 5.8bn in 2003, boosted by major contracts from London Underground.

The company has secured two Public Private Partnership deals to upgrade the capital's Tube system.

Chief executive Mike Welton said: "Overall, we expect to see further growth in 2004 and to make progress accordingly."


SEE ALSO:
Rail keeps Balfour Beatty on track
14 Aug 02  |  Business
Balfour Beatty's profits up 17%
15 Aug 01  |  Business


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