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Mixed 2019 results for BAM in the UK

21 Feb 20 BAM Construct UK increased its profits in 2019 but sister company BAM Nuttall saw them slide.

Annual results from Dutch parent company Royal BAM Group reveal that its revenue from construction and property businesses in the UK in 2019 dipped slightly to 鈧1,061 (2018: 鈧1,070) but operating profit grew by more than 12% to 鈧35.7m (2018: 鈧31.8m).

From UK civil engineering activities, however, the BAM Nuttall business, revenue was up 4% at 鈧876m (2018: 鈧843m) but the operating profit was down 15% to 鈧23.0m (2018: 鈧27.0m)

鈥淚n the UK, the longer term impact of Brexit is still uncertain,鈥 the directors said.

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