Galliford Try hails balance sheet strength as firm eyes improved margins

By Dave Rogers2022-03-03T10:47:00

One-off costs of NMCN’s water business send firm into first half loss

Galliford Try said its daily net cash did not drop below the £100m mark in the first six months of its new financial year as the firm said the strength of its balance sheet meant it was able to turn down risky jobs more easily.

Chief executive Bill Hocking said the contractor was picking and choosing which projects to work on – rather than being lumbered with onerous contracts.

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