Galliford Try has confirmed it is on course to meet profit expectations this year after warning of a £40 million hit from the Queensferry Crossing project.
Analysts expect profit before tax for the year to be between £112.7 million and £116.4 million, including a £40 million bill for exceptional items.
In April the company issued a profits warning and revealed it was restructuring its construction business.
Net debt as of June 30 was £60 million, with an average net debt of £187 million, in line with previous guidance from the group.
Shares rose more than 6% in price after today's announcement.
Chief executive Graham Prothero said: "The business is now firmly focused on its core strengths of regional building operations, together with profitable operations in highways and water, all of which are now performing effectively.
"I look forward to the next financial year with the appropriate strategic priorities in place across the group."
It comes as Galliford completes the restructuring of its construction business, which it confirmed in May would affect up to 350 jobs.
