Interim div 3.8 pence/share, up 9% (Il Sole 24 Ore Radiocor) - London, 14 Aug - The UK infrastructure group Balfour Beatty said that in the first half of 2024 underlying earnings per share were up 18% year on year to 15.3 pence per share as underlying profit from operations (PFO) from earnings-based businesses grew 6% to 101 million pounds.

Underlying group PFO fell 4% to 77 million pounds due to increased infrastructure investments costs.

Revenue was up 3% to 4.7 billion pounds.

The order book stood at 16.6 billion pounds.

The company increased the half-year dividend by 9% to 3.8 pence per share.

Balfour Beatty plans to pay 60 million pounds of dividends in 2024 and the 100 million pound share buyback is on track to complete in year.

"Balfour Beatty's prospects across these markets provide the board with confidence that the group will continue to deliver significant and attractive shareholder returns in the coming years," said the CEO, Leo Quinn.

The company said that it is on track to achieve its full-year expectations.

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(RADIOCOR) 14-08-24 09:32:41 (0203) 5 NNNN