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Galliford - NO RECOMMENDATION

Companies: GFRD   
15/04/1999

Galliford continues to deliver good news. At the interim stage, pre-tax profit grew 44% from £764,000 to £1.1m on turnover up 47% from £73.9m to £107.8m. This was despite sluggish growth in the private housing sector. The lion's share of the turnover growth came from the commercial construction division. Apparently more than 70% of the commercial order book has been secured through partnerships and other non-price criteria. An example of this is Galliford's appointment as 'preferred bidder' for the £70m Birmingham Schools Public Private Partnerships, which will also lead to significant ongoing facilities management work. Another exciting development is the 25% interest in a guided bus system in Northampton. Earnings per share increased 17% from 0.59p to 0.69p with the interim dividend held at 0.5p per share.

Market cap: £22.8m
Share price: 20.25p

LSE£132.22m 35.00p 0.00p
Other company articles:
01/06/2005
25/02/2005
24/02/2005
09/09/2004
03/10/2003

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