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Carillion has increased underlying pre-tax profit by 7% to 拢188.1m.

Revenue fell 9% to 拢5.1bn for the 12 months to 31 December 31, while the order book edged up slightly from 拢17.9bn to 拢18.2bn.

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Carillion says the fall in revenue was due to the sale of non-core businesses and investments in PPP projects.

Commenting on the results Carillion chairman Philip Rogerson said: 鈥淚 am pleased to report that Carillion performed well in 2010, building on its strong track record to deliver good earnings growth, despite tough market conditions, particularly in the UK.鈥�

Rogerson said that the recent 拢306.5m bid for of energy-saving scheme operator Eaga would boost next year鈥檚 results. He said: 鈥淭he board believes the acquisition would be immediately earnings enhancing and would build on the group鈥檚 previously announced objectives for growth鈥�.