Galliford Try maintains position as key infrastructure supplier

摘要

Galliford Try says its construction division is maintaining its position as a key infrastructure supplier to the UK utilities as it begins to secure repeat work under the AMP6 framework awards for its water customers. The division reported a 20.1% drop in operating profit to £15.1M for the year to June 30, 2013 while turnover fell 1.3% to £912.7. Galliford Try said the construction performed well as market conditions continued to be challenging. The division is focusing on careful management of margins and cash balances, with the order book largely unchanged at £1.7B. The division has won several important and prestigious contracts, and the business is well positioned to benefit from improvements in construction markets and to grow when markets allow. Construction enjoys good levels of visibility following a number of major project wins.