Firm says figure will be at top end of analysts鈥� expectations
Profit at Galliford Try will be close to 拢18m this year, the firm announced in a trading update this morning.
It said pre-tax profit for the year before exceptional items would be at the 鈥渦pper end鈥� of analysts鈥� forecasts which are between 拢16.4m and 拢18m.
It said exceptional items for the year related to its purchase of collapsed contractor NMCN鈥檚 water business last autumn for 拢1m and upgrading its IT systems.
In the update, it added: 鈥淲e are actively maintaining close engagement with our supply chain and clients and, through careful management, we have successfully mitigated the risks of material shortages and inflation, without any overall impact on our financial performance.鈥�
The firm had around 拢218m in cash at the year-end at 30 June, flat on the previous year鈥檚 figure, with average month-end cash of 拢174m, up from 拢164m for 2021.
Galliford Try will release its annual results on 21 September
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