Christopher Robert Moore's questions to Balfour Beatty plc/ADR (BAFBF) leadership • Q2 2017
Question
Chris Moore from Investec asked for the profit contribution from the Rail business within U.K. Construction and questioned the materiality of the weaker London market for the Regional business.
Answer
Group Chief Executive Leo M. Quinn and CFO Philip J. Harrison did not disclose a specific profit figure for Rail but confirmed it made material progress. Harrison noted that the London market represents about £100 million in revenue for the Regional business and that the company has intentionally reduced its exposure there over the past two years, making the current downturn less material.