Balfour Beatty reinstates its dividend

DividendMax Ltd.

Balfour Beatty reinstates its dividend

Financial Highlights

·      Order book £12.4bn, up 7% at constant exchange rates (CER)3 whilst maintaining disciplined bidding practices

·      Underlying revenue £4,024m, down 6% at CER

·      Underlying profit before tax of £7m (2015: £130m loss)

·      Net cash of £115m, following continued working capital discipline

·      New pension deficit payments plan agreed in principle

£182m to be paid over 8 years (previous agreement: £376m)

·      Dividend reinstated with interim payment of 0.9p

Companies mentioned