Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Construction company Galliford Try swung to a profit in the first half of the year as lower costs helped ease a decline in revenue.
For the six months ended 31 December, the company reported a pre-tax profit of £16.5m compared with a loss of £24.7m on-year even as revenue slipped to £668 from £728m.
The order book stood at £3.2bn, unchanged on-year, and was spread across 12% in the regulated sector, 71% in the public sector and 17% in the private sector.
In the current financial year, 96% of projected revenue was secured and 72% secured for the next financial year, compared with 96% and 66% respectively, a year earlier.
An interim dividend of 1.0p was declared.
At 9:42am: (LON:GFRD) Galliford Try Holdings PLC share price was -16.15p at 125.37p