Galliford Try has reported a flat profit of £60m for the year to 30 June after incurring £9.1m in land writedowns and £1.9m in redundancy costs.

Turnover rose 30% to £1.8bn, boosted by the performance of its construction and affordable housing businesses, which reported record profits of £25.7m and £13.8m respectively. Housing margins fell from 14.5% to 11.1%.