House building and construction company, Galliford Try plc (GFRD.L), Wednesday stated in its Interim Management Statement for the period January 1 to May 7, that it expects to report results in line with the current market consensus for the full year ending June 30. The firm stated that prolonged winter conditions impacted production levels.
The company said that out of 836 million pounds of sales in its Housebuilding segment 632 million pounds are applicable for the current financial year. Last year, for the same period the company reported 774 million pounds of sales, of which 625 million pounds were for the year. Landbank was 11,000 plots compared with 10,600 prior year.
Greg Fitzgerald, Chief Executive, commented, "In housebuilding, we are experiencing encouraging levels of reservations since our last update including prices achieved above expectations. We welcome the Government's Help To Buy scheme. The early signs of its impact are encouraging and we expect an increase in completion levels from next year."
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