Infrastructure sale helps swell Skanska profit

By Dave Rogers2022-07-21T09:40:00

Profit from ongoing business nearly trebles, firm adds

Proceeds from the sale of the business which looked after roads, rail and street lighting helped Skanska more than treble pre-tax profit last year.

The firm said the £29m it booked from the disposal of its infrastructure services division to M Group at the end of 2020 meant pre-tax profit jumped from £22.6m to £72.6m in the year to December. It said revenue for the year slipped to £1.2bn from £1.5bn.

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