Galliford Try checks cost pressures to lift margin to 2.4%

Abstract

Revenue in the year to June rose 10% to £1.24bn driven by steady growth in infrastructure. Pre-tax profit halved to £5.4m due to £14m of exception costs relating to the purchase of contractor nmcn in October 2021 for a £1 and investment in a new cloud-based computing system. But underlying group pre-exceptional profits were strongly ahead by 68 per cent to £19m over the year. Galliford Try also announced this morning. Chief Executive Bill Hocking said: “The group is well capitalised. This has enabled us to significantly increase shareholder dividends and capital returns.