The directors of Galliford Try plc are proposing a final dividend of 46 pence per share, an increase of 21%. The dividend is subject to approval at the AGM, will be paid on November 25, 2015 to shareholders on the register at October 23, 2015.
The company reported consolidated earnings results for the year ended June 30, 2015. For the year, the company's revenue was £2,348.4 million compared to £1,767.8 million a year ago. Profit before finance costs was £124.3 million compared to £106.0 million a year ago. Profit from operations was £135.2 million compared to £110.8 million a year ago. Profit before income tax was £114.0 million compared to £95.2 million a year ago. Profit for the year was £92.3 million compared to £77.2 million a year ago. Diluted earnings per share was 110.9 pence compared to 93.0 pence a year ago. Profit before finance costs before exceptional items was £128.0 million compared to £105.7 million a year ago. Profit from operations before exceptional items was £138.9 million compared to £110.5 million a year ago. Profit before income tax before exceptional items was £117.7 million compared to £94.9 million a year ago. Profit for the year before exceptional items was £95.2 million compared to £76.9 million a year ago. Diluted earnings per share before exceptional items was 114.4 pence compared to 92.6 pence a year ago. Net cash generated from operating activities was £39.6 million compared to £52.0 million a year ago. Acquisition of property, plant and equipment was £6.7 million compared to £5.5 million a year ago. Net debt was £17.3 million compared to £5.1 million a year ago. Return on net assets was 23.3% compared to 20.8% a year ago.
Galliford Try Holdings plc is a construction business company. Its segments include Building, Infrastructure, PPP Investments and Central. Its construction business operates nationwide, working with clients in the public and regulated sectors. Its projects include the construction of assets, in addition to the maintenance, renewal, upgrading and managing of services across utility and infrastructure assets. It has investments in various PPP special purpose vehicles (SPVs), delivering various building and infrastructure projects. The business additionally provides management services to the SPVs under Management Service Agreements. Through public-private partnerships, the business leads bid consortia and arranges finance, makes debt and equity investments and manages construction through operations. Its project sectors include education, defense, health, and others. It also delivers specialist mechanical, electrical, instrumentation, control and automation design and build solutions.