Galliford Try posts record results

Galliford Try has issued its Annual Report and Accounts for 2015, recording over £110 million (€148.5 million) profit before tax, and an increase in both its household and construction sectors.

The UK-based group revealed a 31% increase in revenue for this year, to £2,431 million (€3,282 million). Its profit before tax is up by 20%, at £114 million (€153.9 million). However, the group’s net debt is up by £12.2 million (€16.4 million) on last year, reaching £17.3 million (€23.3 million).

In the household sector, the group has seen an increase in revenue and completions. Its revenue is up from £1.002 million (€1.3 million), to £1.108 million (€1.5 million), while it’s recorded 3,177 completions, compared to 3107 last year.

In construction, it recorded a £173 million (€233 million) cash balance, compared with last year’s £151 million (€203 million).

An order book of £3.5 billion (€4.7 billion) has also been recorded, increasing by £500 million (€675 million) from last year’s results.

Greg Fitzgerald, executive chairman, said: “Galliford Try had another excellent year, with strong growth in earnings and a further significant increase in the dividend.

“We have made key appointments to the Board to give us both the leadership and independent oversight we need for the next stage of our success, along with my continuing involvement as Non-executive Chairman.”