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Galliford upbeat as profits rise

Galliford Try is on course to report full year profits well ahead of last year producing margin improvements in construction and growth in its housebuilding operations.
In a trading update to the City for the year to June 30, the firm said it is confident of the excellent prospects the affordable housing market has to offer to both its construction and housebuilding divisions.

The company said: 'Public sector investment in social housing and key worker accommodation is rising.'

Housing completions increased 12 per cent to 853 at an average selling price down 7 per cent to £208,000.

It maintained its construction order book at around £950 million in line with last year with education and health as key sectors. It is also well positioned to take advantage of the steady improvement in demand from the commercial market, the company said.

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