February 8, 2019 / 6:47 AM / 14 days ago

Skanska Q4 operating profit, 2018 dividend lag expectations

STOCKHOLM, Feb 8 (Reuters) - Swedish builder Skanska reported on Friday a smaller rise than expected in fourth-quarter operating profit and proposed a lower dividend than expected.

Operating profit at the Nordic region’s biggest builder, and one of the biggest in the United States, was 2.38 billion crowns ($257 million) against a mean forecast in a Reuters poll of analysts for 2.64 billion. A year earlier, the profit was 738 million.

Skanska proposed a dividend of 6.00 crowns per share, down from 8.25 crowns and below the 8.35 crowns seen by analysts. ($1 = 9.2624 Swedish crowns) (Reporting by Anna Ringstrom, editing by Helena Soderpalm)

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