18th Feb 2015 07:24
LONDON (Alliance News) - Galliford Try PLC on Wednesday reported a rise in pretax profit for first half of its financial year on the back of higher revenue and hiked its dividend by nearly half.
The FTSE 250-listed construction and housebuilding company said its pretax profit for the six months to the end of December was GBP42.5 million, up 12% from the GBP38.1 million posted a year earlier.
Revenue in the first half rose to GBP1.08 billion, up 35% from the GBP803.5 million posted last year, boosted by strong performances in its Linden Homes and Galliford Try Partnerships business within its housebuilding division, along with an in-line performance in its construction business.
The group hiked its interim dividend on the back of the rise in profit, raising it to 22 pence per share from 15 pence per share last year.
"We are very pleased with the group's strong performance in the six months to December 31, with our housebuilding and construction businesses both performing well, and are encouraged by the start we have made to the second half of the year," said Galliford Executive Chairman Greg Fitzgerald.
By Sam Unsted; [email protected]; @SamUAtAlliance
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