Galliford Try 鈥渆ncouraged by performance鈥�

锘縃igher margins in Galliford Try鈥檚 construction business boosted profits in the six months to 31 December 2010, the firm said in a stock exchange update this week.

The firm had a small increase in revenue to 拢575.9m, compared with 拢570m in the same period during 2009. After one-off charges, it made a pre-tax profit of 拢17m, compared with 拢13.2m a year earlier - a 29% increase.

Revenues in the construction business were 拢442.6m in the first half of the financial year, compared with 拢465.8m last year.

A focus on winning profitable work resulted in operating margins of 2.5%, up from 2.4% in 2009. Greg Fitzgerald, chief executive of Galliford Try, said: 鈥淭he board is encouraged by the group鈥檚 performance.鈥�

 

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