Linden helps GT to record profits

July 4, 2013
Construction and housebuilding group Galliford Try says it will be reporting record profits for the year to June 30 2013 aided by a strong performance by housebuilding arm Linden Homes. Housebuilding sales are up 15% to £313 million but completions are a touch down at 2,932 (3,039 in 2012). Margins are expected to be around 13%. Galliford Try ceo Greg Fitzgerald said: "With modest net debt, a record landbank and year end carry forward position in housebuilding and a stable order book with good visibility of work in construction, we start the year in an encouraging position."

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