Galliford Try expects to return to profit, resume dividend in fiscal H1

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StockMarketWire.com – UK construction group Galliford Try said it expected to return to profit and resume its dividend in the first half of its fiscal year as productivity remained at near-normal levels during the second national lockdown.

‘The board expects the group to return to profitability in the first half of this financial year and a resumption of dividend with the interim results,’ the company said.

The group was performing well, in line with the board’s expectations, with a first half year average month end cash position toward the upper end of previous guidance of £125m-to-£145m, it added.

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