Galliford Try reveals “excellent” start to financial year

Galliford Try (LON: GFRD) revealed an “excellent” start to the financial year and expects to return to profitability in the first half.

Amid the first lockdown, the construction group faced major disruption as sites shut and projects were delayed to adhere to social distancing measures.

Productivity now continues at normal levels and since July, all operations are continuing since normal despite the second lockdown.

The company said: “Our strategy and sector focus mean that the group is positioned to emerge strongly from the pandemic, supporting the government’s planned investment in infrastructure and economic recovery.”

Galliford Try has revealed plans to continue paying a dividend at the half-year stage.

Shares in the group spiked this morning and were up over 17%. Galliford Try shares (LON: GFRD) are currently trading 14.18% higher at 93,82 (0927GMT).