海角社区app

海角社区app

Sat September 21 2024

Related Information

Balfour Beatty upbeat

13 Jan 11 Balfour Beatty plc has issued a bullish trading statement expressing confidence in its outlook and growth in its cash position.

The statement comes in advance of its results for the year ended 31 December 2010 which will be announced in March.

Then order book stands at 拢15bn and average cash in the second half of the year topped 拢400m, compared to 拢342m for the same period in 2009.

With its international spread, the construction services division performed well overall, despite weakness of the UK market.

Support services has won substantial new contracts but was impacted, as anticipated, by a slow start-up of AMP5 contracts in the water utilities sector which has continued through the second half.

The company said 鈥淏alfour Beatty is strategically well-placed in major markets to benefit from the long-term growth in global infrastructure spending. The group鈥檚 order book, its capabilities across the infrastructure lifecycle and its operations in diverse markets and geographies give the business strength and resilience. We remain confident about the outlook for the group.鈥

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view latest construction news »