Galliford Try lifts annual profit 24% and announces further buyback
Galliford Try ($GFRD) reported adjusted annual pre-tax profit of £55.9 million, up 24.2%, on revenue of £1.93 billion, an increase of approximately 3%. Its combined divisional adjusted operating margin improved to 3.5% from 3%. Statutory pre-tax profit reached £55 million, with the difference from the adjusted measure mainly reflecting amortization of acquired intangible assets. The group ended the year with £259 million of net cash and no drawn bank debt. Average month-end cash rose 21% to £216
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