Construction News

Mon March 08 2021

Related Information

Record year for Galliford Try

9 Jul 14 Galliford Try is set to report record profits when it announces its financial results thanks to buoyant trading conditions.

Galliford Try is part of the Forth Crossing Bridge Constructors JV building the £790m Queensferry Crossing in Scotland
Galliford Try is part of the Forth Crossing Bridge Constructors JV building the £790m Queensferry Crossing in Scotland

The housebuilding and construction group has provided a trading update for the year ended 30th June 2014, ahead of its final results announcement, expected mid-September. 

Profit before tax will be approximately £95m, at the upper end of the analysts' expectations, with both housebuilding and construction divisions performing well.

Linden Homes, the house-building division, is performing even better than before the 2008 crash and the construction order book has improved to £1.4bn, up from £1.25bn six months ago.

Chief executive Greg Fitzgerald said: "The market continues to be good across all of our regions.  We welcome the government's continuing commitment to housing provision, and the focus of the Bank of England on maintaining stability in the housing market.  In addition the prospect of timely interest rate rises should support a sustainable market into the longer term.

“We are pleased to have finished the year strongly and expect to deliver another record profit.  With a solid balance sheet, minimal debt, a record landbank in housebuilding and excellent visibility of work in construction, we are starting the new financial year in a strong position, whilst recognising that challenges remain around the supply chain and converting outline planning permission into detailed consents."

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view more construction news »