The board of Galliford Try Holdings has said it expects the company to return to profitability in the first half of its financial year and to resume paying its dividend ahead of its AGM.
The firm reported in an update that, during the first half of its financial year, it had reached a cash position towards the upper end of its previous guidance of £125m-£145m and had no debt.
It added that all of its projects had been fully operational since 1 July, with productivity at near normal levels.
Galliford Try has won a series of new contracts including the £50m job to refurbish CBRE GI and Arax Properties’ 280 Bishopsgate, which has been prelet to law firm Baker McKenzie.
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