IN BRIEF: Galliford Try building firm appointed to UK MoJ framework

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Galliford Try Holdings PLC - Uxbridge, England-based construction company - Says its Building business has been appointed to the new £2.5 billion constructor services framework by the UK Ministry of Justice. The business has been awarded places on ’lot 4 - London and East England’ on framework A, ’lots 6 - South and 8 - London and East England’ on framework B, and lot 9 - National’ on framework C. Chief Executive Officer Bill Hocking says: ‘This major framework success further cements our position as a leading contractor in the custodial sector, one of the key markets for our sustainable growth strategy. We look forward to working with the MoJ to provide it with the high-quality facilities required to manage the prison population in the future.’

On Wednesday last week, Galliford Try said in the first half of financial 2023 to December 2022, swung to a pretax profit of £7.2 million from a loss of £2.6 million a year prior, citing acquisition costs in the first half of financial 2022. Revenue rose 14% to £679 million from £594 million.

Current stock price: 169.97 pence, down 0.8%

12-month change: down 9.0%

Copyright 2023 Alliance News Ltd. All Rights Reserved.