CORRECTED-UPDATE 1-Keller profit doubles as N. America construction market rebounds
(Corrects paragraph 5 to say that the company saved 3 million pounds, not 300 million pounds)
* First-half profit more than doubles to 26.8 mln stg
* N. America revenue rises 14 pct to 308 million stg
* Says order book slightly lower than a year earlier
* To cut 50 jobs in Austria, Poland and eastern Europe
July 29 (Reuters) - British engineering group Keller Group Plc's first-half profit more than doubled as cost cuts and a recovery in the North American construction market helped widen margins.
Keller, which built the foundation for the Olympic Stadium in London, said it expected full-year results at the top end of market expectations but warned that the order book for the next 12 months was slightly below a year earlier.
Analysts on average expect a pretax profit of 63.64 million pounds on revenue of 1.39 billion pounds, according to Thomson Reuters I/B/E/S.
The U.S. construction sector is regaining strength after collapsing during the recession, with the housing market leading much of the recovery. Continued...