UK's Galliford Try gains on FY profit forecast

Galliford Try Holdings

15/01/2025 12:03

** British construction firm Galliford Try's  GFRD.L  shares
up 4.99% at 380.40 pence; stock among top gainers on London's
small-cap index  .FTSC  
    ** GFRD sees revenue and pretax profit for FY ending June 30
to be at upper end of market expectations
    ** Forecast reflects strong H1 order book, and 3.7 bln stg
($4.52 bln) water frameworks contract wins
    ** GFRD reports H1 order book of 3.9 bln stg
    ** Peel Hunt analysts say GFRD shares offer good value
    ** In 2024, shares rose ~72%

($1 = 0.8179 pounds)

 (Reporting by Simone Lobo in Bengaluru)
 ((Simone.Lobo@thomsonreuters.com; +919920570373;))