REFILE-Dutch engineer BAM flags fall in 2017 profits due to IJmuiden project cost overruns
(WorldNews Netherlands)

Dutch engineering and construction firm Royal BAM NV warned on Wednesday its 2017 profits will be `substantially lower` than in 2016, following cost overruns on a new sea lock it is building in the town of IJmuiden, near Amsterdam. BAM shares the 600 million euro contract for the locks on a 50:50 basis with larger peer Royal VolkerWessels NV, which said separately its forecast for an increase in full-year core earnings remains intact despite the setback at IJmuiden. ......