Record year predicted for Galliford Try

Record full-year results are expected by UK housebuilding and construction group Galliford Try, which has issued an update on trading for the year ended 30 June, 2015.

The group expects to announce its results for the full year on 16 September and it said it predicted profit before tax to be “towards the upper end” of the analysts’ range.

In the housebuilding sector, it said that the sales rate had improved further since the recent UK General Election.

In construction, it said that there had been growth in revenue and profits, plus an “excellent” cash position of over £170 million (€235.78 million). This was up from £151 million (€209.44 million) in 2014.

An order book of £3.5 billion (€4.85 billion) was reported, compared to a figure at 30 June, 2014, of £1.4 billion (€1.94 billion).

Greg Fitzgerald, executive chairman, said, “It has been another record year for Galliford Try, and we are pleased to see that the momentum across the group continues.

“We are also delighted with the two important acquisitions of Miller Construction and Shepherd Homes, further increasing the group’s opportunities and capacity.”