(Reuters) – British infrastructure contractor Balfour Beatty (BALF. L) fell to a tax loss of 26 million pounds in the first part of 2020, as the COVID-19 crisis hindered the painting of structures at several of his company’s sites.
But the company said it expected its profit-based business, which includes the UK structure, the US structure. And aid services are recovered so far in the year, and the overall operational source of revenue returns to grades roughly equivalent to 2019 next year. .
Although the UK’s structural industry grew at its fastest rate in nearly five years in July, according to a survey published last week, the sector still has much to go before production returns to pre-COVID levels.
Balfour Beatty said its order book increased by 20% to 17.5 billion pounds ($22.840 million), thanks to contracts from High Speed 2, a rail line linking London with the north of England.
The London-based company said it will seek to repair dividend bills as soon as possible.
He reported a profit of 63 million pounds in the early part of last year.
Reporting through Samantha Machado in Bengaluru; Editing via Aditya Soni
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