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Galliford Try H1 Pre-tax Profit Declines - Quick Facts

Galliford Try plc (GFRD.L) on Wednesday reported profit before tax of 53.8 million pounds for the half year ended 31 December 2018, down 4 percent from 56.3 million pounds in the prior-year period. Basic earnings per share decreased to 39.4 pence from a restated 50.7 pence last year.

Pre-exceptional profit before tax for the period was 84.2 million pounds, up 4 percent from 81.3 million pounds in the prior-year period. Pre-exceptional basic earnings per share for the period were 62.4 pence, compared to a restated 72.7 pence last year.

Group revenue for the half year also declined 4 percent to 1.34 billion pounds from 1.40 billion pounds last year. Pre-exceptional revenue (including share of joint ventures) declined 5 percent to 1.42 billion pounds from 1.50 billion pounds a year ago.

The company's board of directors have declared an interim dividend of 23.0 pence per share, which will be paid on 10 April 2019 to shareholders on the register at close of business on 15 March 2019.

Looking ahead, Galliford Try said it remains cautious of the impact of the current political uncertainty on consumer and business confidence, and the medium-term outlook for the macro economy.

However, the company believes its focused strategic objectives, strong order book and disciplined approach will deliver a full year out-turn toward the upper end of the analysts' current range for profit before tax before exceptional items.

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