Edition:
United Kingdom

Galliford Try Sees FY Profit Before Tax In Line With Analysts' Expectations


Wednesday, 17 Jul 2019 

July 17 (Reuters) - Galliford Try PLC ::GALLIFORD TRY PLC - TRADING STATEMENT.GALLIFORD TRY - CONTINUES TO TRADE WELL AND EXPECTS TO REPORT FULL YEAR PROFIT BEFORE TAX IN LINE WITH CURRENT RANGE OF ANALYSTS' EXPECTATIONS.GALLIFORD TRY PLC - FULL YEAR RESULT TO INCLUDE £40M OF PREVIOUSLY REPORTED EXCEPTIONAL ITEMS.GALLIFORD TRY - NET DEBT AT 30 JUNE 2019 OF £60M (2018: NET CASH £98M) WITH AVERAGE NET DEBT OF £187M, IN LINE WITH PREVIOUS GUIDANCE FOR FULL YEAR.GALLIFORD TRY PLC - LINDEN HOMES HAS MAINTAINED ITS SALES RATE AND STRONG MARGIN AND CONTINUES TO IMPROVE ITS CUSTOMER SATISFACTION..GALLIFORD TRY PLC - STRATEGIC REVIEW OF CONSTRUCTION IS NOW COMPLETE, AND UNDERLYING OPERATIONS FOR FY ARE PERFORMING WELL..GALLIFORD TRY - ABERDEEN WESTERN PERIPHERAL ROUTE IS COMPLETE.GALLIFORD TRY - FY CURRENT ORDER BOOK IS £2.9BN (2018: £3.3BN) WITH 88% OF REVENUE FOR NEW FINANCIAL YEAR SECURED (2018: 87%).GALLIFORD TRY PLC - LINDEN HOMES DELIVERED 3,229 UNIT COMPLETIONS IN FY, INCLUDING UNITS IN JOINT VENTURES (2018: 3,442 UNITS).GALLIFORD TRY PLC - AVERAGE PRIVATE SELLING PRICE OF £351,000 (2018: £367,000) IN FY.