StockMarketWire.com - Balfour Beatty said Friday full-year performance would be above previous expectations in the wake of an additional infrastructure investments sale in December.

The group forecasts that the 2018 Infrastructure Investments profit from disposals would be around £65m.

Group revenue in the second half of 2018 would be in line with the first half, and the year-end order book was expected around £12bn, higher than the 2017 year-end order book of £11.4bn. The year end net cash balance was expected to be broadly in line with prior year, with 2018 average monthly net cash forecast at £185m, ahead of the previous £140m to £170m guidance range, the company said.

'We are on track to deliver our Build to Last Phase Two goal of achieving industry standard margins in all earnings based businesses in the second half of 2018,' said chief executive Leo Quinn.

'The actions we have taken since the start of 2015 have created a strong foundation for the future.'

'We have consistently invested in our capabilities, systems and leadership while de-risking the business, strengthening the balance sheet and selectively building the order book.' Story provided by StockMarketWire.com