March 14, 2018 / 7:26 AM / 3 months ago

Britain's Balfour Beatty's annual profit almost triples

March 14 (Reuters) - Britain’s Balfour Beatty Plc on Wednesday said its annual underlying profit almost tripled, as its U.K. construction unit bid more selectively for profitable contracts.

The company said underlying pretax profit rose to 165 million pounds ($230.41 million) in the year ended Dec. 31, from 62 million pounds a year earlier.

Its order book fell 8 percent to 11.4 billion pounds.

$1 = 0.7161 pounds Reporting by Radhika Rukmangadhan in Bengaluru; Editing by Sunil Nair

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