Galliford Try posts strong first half

UK homebuilder Galliford Try posted growth across the board as it filed its half-year results up to December 31, 2013.

Group revenue jumped 18% to £803.5 million (€975 million), compared to £678.3 million (€825 million) for the first half of 2013, while gross profit hit £38.1 million (€46 million), also up 18%, from 2013’s £32.3 million (€40 million).

In construction, the firm reported a robust order book of £1.25 billion (€1.5 billion), up marginally on the first half of 2013’s £1.2 billion (€1.45 billion), with 100% of projected revenue secured for the current financial year and 65% secured for 2015.

Greg Fitzgerald, chief executive, said, "The half year saw strong performance across the group and we have been very encouraged by the start of the calendar year. Group profit for the half year is at a record high and we continue to be encouraged by the levels of future opportunities.”

“In construction we have increased our order book as our businesses continue to perform strongly in the current market. While the market in the short term remains challenging we continue to see increased levels of opportunities and I am delighted with the new projects awarded during the period,” he said.