Galliford Try profit is well ahead of last year

Galliford Try will report full year profit substantially ahead of last year when it reveals its annual results on 7 September.

In a trading statement issued to the Stock Exchange this morning, Galliford chief executive Greg Fitzgerald also revealed that the integration of Chartdale Homes and Morrison Construction is progressing as planned.

The construction division, substantially strengthened by the acquisition of Morrison, now operates as two businesses: building and infrastructure. Both businesses have order books standing at £1.1bn. Ninety percent of the construction division's total order book of £2.3bn is in the public and regulated sectors and more than 90% has been secured on a non-price competitive basis.

The housebuilding division enjoyed a 24% boost in completions, passing the 1,000-unit mark for the first time. A total of 1,054 homes were sold at an average selling price up 2% to £212,000. Forward sales are up to £78m.