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BAM's UK profits up 80%

21 Feb 19 The United Kingdom once again proved the most lucrative market for Dutch construction group BAM.

Royal BAM Group made an operating profit of 鈧58.9m (c. 拢51m) in the UK in 2018 on revenue up 2.8% to 鈧1,913.

BAM鈥檚 UK profit was up nearly 80% on 2017鈥檚 鈧32.8m.

In its home country of the Netherlands, by contrast, BAM made 鈧31.9m profit on 鈧2,738m revenue in 2018, although there are still issues with its Ijmuiden sea lock project there that resulted in losses in 2017.

Total worldwide revenue Royal BAM Group in 2018 was up more than 10% to 鈧7,208m and pre-tax profit was 鈧114.5m (2017: 鈧20.0m).

鈥淐onditions in most of our markets are generally positive, although uncertainty over Brexit remains,鈥 said chief executive Rob van Wingerden.

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