Business
Half Yearly Report
Half Yearly Report.
About this update from Galliford Try Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0429Q Galliford Try PLC 25 February 2016 \n\n \nGALLIFORD TRY PLC - HALF YEAR REPORT FOR THE SIX MONTHS ENDED 31 DECEMBER 2015 \nDISCIPLINED GROWTH AND DIVIDEND PROGRESSION IN LINE WITH STRATEGY\n \n\n\n\n\nFinancial\n\n\nH1 2016\n\n\nH1 2015\n \n\n\nChange\n\n\n\n\n· Revenue ¹ \n\n\n£1,264.9m\n\n\n£1,124.6m\n\n\n+12%\n\n\n\n\n· Group revenue 1\n\n\n£1,182.3m\n\n\n£1,085.4m\n\n\n+9%\n\n\n\n\n· Profit before tax\n\n\n£52.9m\n\n\n£42.5m\n\n\n+24%\n\n\n\n\n· Earnings per share \n\n\n52.2p\n\n\n42.0p\n\n\n+24%\n\n\n\n\n· Dividend per share\n\n\n26.0p\n\n\n22.0p\n\n\n+18%\n\n\n\n\n· Net debt\n\n\n£95.7m\n\n\n£35.9m\n\n\n-£59.8m\n\n\n\n\n· Group return on net assets ²\n\n\n21.7%\n\n\n20.1%\n\n\n+1.6 ppts\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n· Profit before tax, pre-exceptional ³\n\n\n£52.9m\n\n\n£45.9m\n\n\n +15%\n\n\n\n\n· Earnings per share, pre-exceptional ³\n\n\n52.2p\n\n\n45.5p\n\n\n+15%\n\n\n\n\n \nGroup\n \n· Record half year profit with interim dividend up 18%.\n \n· Net debt of £95.7 million (H1 2015: £35.9 million), reflecting additional investment in Linden Homes in accordance with strategy.\n \n· Plans include opening a further Linden Homes business in Yorkshire and a Galliford Try Partnerships business in Bristol.\n \n· Continued encouraging progress of disciplined growth strategy to 2018.\n \nLinden Homes\n \n· Significant progress on margins with operating margin rising to 17.0% (H1 2015: 15.1%).\n \n· Revenue up 5% to £362.7 million (H1 2015: £346.1 million) from 1,357 unit completions, 1,171 units net of joint venture partner share (H1 2015: 1,364 and 1,278 respectively). \n \n· Total sales currently reserved, contracted and completed up 17% at a record £793 million (H1 2015: £677 million).\n \n· Landb...