Home Residential PropertyNew Build Galliford Try posts healthy profits

Galliford Try posts healthy profits

by LLP Reporter
11th Sep 19 11:16 am

Full-year profits at Galliford Try – which has had an offer from Bovis Homes to buy its housing arm – have fallen to £104.7m from £143.7m.

Graham Prothero, chief executive, said: “The potential combination of our Linden Homes and partnerships businesses with Bovis Homes represents a superb opportunity, enhancing the prospects for all three of our businesses to thrive as strategically focused and well-financed operations with excellent opportunities for growth.

“The transaction allows construction to continue trading as a standalone well capitalised business.

“Construction’s result for the year has been impacted by challenges with both legacy and some current projects and by the restructure, which is now complete.”

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