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Galliford Try Posts H1 Profit

Galliford Try Plc (GFRD.L), a housebuilding, regeneration and construction group, Thursday posted a profit for the first half, but revenues were lower than last year.

On a statutory basis, the group posted a profit before tax of 16.6 million verus a loss of 24.7 million pounds last year.However, on the same basis, profit after tax rose to 60.5 million pounds from 43.6 million pounds, and earnings per share increased to 54.6 pence from 39.4 pence last year.

On a pre-exeptional-continuing basis, loss before tax totaled 5.6 million pounds versus profit of 2.2 million pounds. On the same basis, loss after tax amounted 4.6 million pounds versus a profit of 2.0 milion pounds, and loss per share was 4.1 pence versus earnings per share 1.7 pence last year.

Revenue for the half year slid to 668 million pounds from last year's 728 million pounds.

In addition, the Group declared an interim dividend of 1.0p per share, payable on April 17 2020 to shareholders on the register at close of business on 20 March 2020.

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