viewGalliford Try Holdings Plc

Galliford Try improves orders and cash position

All businesses were operating during the interim period

Galliford Try Holdings Plc -

Galliford Try Holdings Plc (LON:GFRD) has confirmed it will resume dividend payments and return to profitability in the half-year to end-December 2020 after solid trading over the past six months.

All businesses were operating during the interim period, the contractor said, with average month-end cash for the six month period improving slightly to £158mln from £141m in the previous half-year.

Cash as of December 31, 2020, was £209mln (June 30, 2020: £197mln) with an order book worth £3.3bn, which was up slightly on £3.2bn at end June.

Recent contracts have included positions on the Thames Water's £590mln AMP 7 framework, the £10.5bn NHS Shared Business Services framework and the £2.1bn Construction West Midlands framework.

In a statement, Bill Hocking, Galliford Try chief executive, said he was pleased with the trading performance over the past six months given the difficult backdrop.

“Despite the ongoing challenges from Covid-19, our strong balance sheet, market-leading sector positions and high-quality order book give me confidence in our future performance."

Quick facts: Galliford Try Holdings Plc

Price: 136.6151 GBX

Market: AIM
Market Cap: £1.52 m

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