Profit doubles at Galliford Try, but dividend cut 10%

Galliford try chase park

Housebuilder Galliford Try has reported full-year profit more than doubled, but has cut its dividend by 10%.

For the year to 30 June, pre-tax profit leapt 145% to £143.7m, while revenue rose 11% to £3.13bn. However, the group was held back by a further £20m writedown on its troubled Aberdeen by-pass scheme.

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