Skanska UK construction profit trebles to £73m

Skanska’s UK construction business saw pre-tax profit more than treble to £73m, helped by a £29m gain from the sale of its infrastructure services arm last year.
Even from continuing business alone, Skanska UK booked a pre-tax profit of £34m in 2021, up from £12m previously on stable revenue of  £1.1bn.
It also confirmed operating margins had been restored to a targetted 3%.Skanska closed 2021 with £1.3bn of orders, supported by £520m of cash