Skanska UK has returned to the black a year after making a loss of £41.5m and parting ways with former chief executive David Fison

Its latest results show that the UK arm of the Swedish firm made a profit of £14.6m on turnover of £747m in the six months to 30 June 2009.

Last year’s loss followed writedowns on two PFI hospital jobs in Derby and Nottingham.

Turnover at the global group fell 2% from £5.5bn to £5.35bn and profit was down 18% from £158m to £130m.

Johan Karlstrom, the global chief executive, picked out the recent financial close of the M25 widening deal as a financial highlight in the UK; this is worth £2.5bn to Skanska.