Construction firm Balfour Beatty has announced what it’s calling a strong financial performance in its 2022 half-year results.

Figures show its underlying profit from operations is up 42% from £60 million a year ago to £85 million, and the order book has gone up 10% to £17.7 billion.

It’s now holding £811 million in cash and is recommending a 0.5p rise in half-year dividend per share to 3.5p.

Leo Quinn, Balfour Beatty Group Chief Executive, said: “With the Group well-positioned to capitalise on the growing infrastructure market, underpinned by its unique capability and balance sheet strength, the upgrade to the full year performance gives the Board further confidence in future capital returns.”

(Picture – Balfour Beatty)