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Balfour Beatty saw its construction profits fall by 15 per cent in the first six months of 2011, compared with the same period last year.
Posting its results to 1 July, the infrastructure giant said group revenue fell by 2 per cent, from £4.6 billion to £4.5bn, while the company's underlying profit - which considers £47m of items such as loss on the disposal of the UK specialist rail manufacturing business, the cost of the UK shared service centre and integration and acquisition costs - was £138m, up 4 per cent on last year.
The group's reported pre tax profit was down to £91 million, compared with £100m in the same period last year.
The firm's order book increased to £15.5bn from £14.6bn at June 2010, mainly due to US construction in the second...