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IN BRIEF: Galliford Try building firm appointed to UK MoJ framework

ALN

Galliford Try Holdings PLC - Uxbridge, England-based construction company - Says its Building business has been appointed to the new £2.5 billion constructor services framework by the UK Ministry of Justice. The business has been awarded places on ’lot 4 - London and East England’ on framework A, ’lots 6 - South and 8 - London and East England’ on framework B, and lot 9 - National’ on framework C. Chief Executive Officer Bill Hocking says: ‘This major framework success further cements our position as a leading contractor in the custodial sector, one of the key markets for our sustainable growth strategy. We look forward to working with the MoJ to provide it with the high-quality facilities required to manage the prison population in the future.’

On Wednesday last week, Galliford Try said in the first half of financial 2023 to December 2022, swung to a pretax profit of £7.2 million from a loss of £2.6 million a year prior, citing acquisition costs in the first half of financial 2022. Revenue rose 14% to £679 million from £594 million.

Current stock price: 169.97 pence, down 0.8%

12-month change: down 9.0%

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