Bovis posts £28m Euro profit

Bovis Lend Lease, the project and construction management division of Lend Lease Corporation, notched up a profit of £28m in its European division in the 12 months to 30 June.
Turnover fell to £770m (£820m). Bovis made £28m profit in the same division last year.
The latest profit figure represents half of Lend Lease's total profit in its EMEA operating region - Europe, the Middle East and Africa.
The future plan is to focus on expansion across southern and eastern Europe and Russia, as well as looking for a heavier workload in the Middle East.
In the 12-month period, Bovis won construction contracts in the UK commercial sector worth a total of £1.1bn.
Bovis was appointed manager of pre-construction work on the £800m redevelopment of Battersea Power station by developer Parkview International.
The construction management assignment for the refurbishment of BBC Broadcasting House in London has been converted into a £400m design and build contract.
"In profit terms, the change is a plus for us as design and build margins are higher because you are taking more risk," said a Bovis spokesman.