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Galliford Try Holdings PLC on Tuesday celebrated ‘good operational progress’ as it expects to report annual pretax profit at the upper end of forecasts, despite macroeconomic challenges.
The Uxbridge, England-base construction company said that it expects full year pre-exceptional profit before tax to be at the upper end of current analyst forecasts, which sit between £22.1 million and £23.3 million.
Galliford Try noted a ‘strong performance across all operations’ this year, with increased revenue and pretax profit.
Last financial year, which ended June 30, the firm reported pretax profit before exceptional items of £19.1 million, and revenue of £1.24 billion, up from £1.13 billion year-on-year.
Looking ahead, Galliford emphasised a ‘high-quality’ order book of £3.7 billion, up from £3.4 billion a year prior, including recent major framework wins. It has also secured 92% of revenue for the new financial year, compared to 90% at the same juncture a year prior.
The group expects to announce its results for the full year on September 20. It is due to pay a special dividend to shareholders of 12 pence per share, following the resolution of a long-running dispute, in October.
Galliford Try shares were trading 3.4% higher at 201.63 pence each in London on Tuesday morning.
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