John Laing profit up 143%

John Laing enjoyed a 143% boost in pre-tax profit to £13.1m as its PFI work delivered healthy returns in the six months to 30 June. Turnover increased 37% to £270.5m.
The accommodation business' profit increased from £5.4m to £6.7m. Laing Roads produced a static profit of £3.8m. The final 50% stake in the M40 DBFO project that Laing acquired on 25 June for £19.7m will be sold.
Laing Rail improved its profit from £3.6m to £5.2m. However, a £1.1m loss was made in the utilities and airports sector.