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Galliford Try focused on margin growth

RESULTS: Galliford Try expects to boost housing margins through greater use of strategic land and shares in the housebuilder and construction group hit an all-time high post results.
February 20, 2013

Housebuilder and construction group Galliford Try (GFRD) delivered yet another robust trading performance in the first half. In fact, once you adjust for around £3.2m of one-off net gains which boosted reported profits at this stage a year ago, underlying profits rose by 10 per cent.

IC TIP: Buy at 903p