UK construction group Galliford Try has delivered on the upper end of its profits guidance for the year ending in June, at almost £59m.
That’s still down by 57 per cent on the previous year, but revenues were up by a modest 7 per cent to £2.7bn.
CEO Peter Truscott sounds unwilling to let down his guard, noting that “we remain cautious about the impact of the current political uncertainty and the medium-term outlook for the macro economy.”
In May, the company shocked shareholders with a £98m charge relating to legacy contracts. On Wednesday, it said that impact was “unchanged”.