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Investing.com -- Shares of Galliford Try Holdings PLC (LSE:LON:GFRD) climbed 7.5% as the construction company reported a significant increase in pretax profit and revenue for the six months ended December 31.
The company’s pretax profit soared to 20.0 million pounds ($25.6 million), a notable leap from the 13.0 million pounds reported in the same period last year.
Galliford Try’s revenue witnessed a 13% uptick to 923.2 million pounds, buoyed by growth in both infrastructure and building segments. The firm’s order book also reflected positive momentum, standing at 3.9 billion pounds at the end of December, an increase from 3.7 billion pounds.
Moreover, the company has successfully secured 98% of its projected revenue for fiscal 2025 and 81% for fiscal 2026.
In a gesture that underscores confidence in the company’s financial health and future prospects, Galliford Try’s board announced an interim dividend of 5.5 pence per share, which is up from the previous 4.0 pence.
Chief Executive Bill Hocking expressed optimism about the company’s performance and future outlook, stating, "Our performance and future outlook give us confidence to improve our expectations for the full year to June 30, 2025, and we are committed to delivering long-term sustainable value for our stakeholders."
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