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Profits from the sale of a 40% stake in the Docklands Light Railway Lewisham extension in London swelled otherwise static profits reported by contractor Mowlem last week. Pretax profits increased from £37M to £45.2M last year, largely as a result of profits of £15.6M from the sale of the stake. Group turnover increased slightly from £1.9bn to £2bn while operating profit was up from £33.4M to £33.8M.

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