Galliford Try sees record performance at half-year stage
Homebuilder Galliford Try achieved strong revenue and profit growth in the first six months of the year, which allowed management to unveil a 47% boost to its interim dividend pay-out.
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Interim revenues rose by 35% to reach £1,0854m, driving a 12% gain in profits before tax to £42.5m. Before exceptionals profits before tax were up by 21% to reach £45.9m.
The company's net debt fell to £35.9m despite an increase in the land bank.
Executive chairman Greg Fitzgerald said: "Housing market conditions remain good and we are optimistic about the prospects for a number of recent and forthcoming sales outlets.
"Our Partnerships business continues to see exceptional demand for contracting in the affordable housing market and the development business is growing in line with plan. Our enlarged Construction business has a record order book of £3,250m with the Miller Construction integration now completed."