Galliford Try has revealed its construction order book has grown by more than 15% in the past year.

In its half year results, the Group announced a surge of new work increased its order book by £500 million to £3.7 billion.

Overall, 98% of its projected revenue has been secured for the year with 66% for the year 30 June 2017.

In addition, 1,603 housing units were completed by Linden Homes and Galliford Try Partnerships, up from 1,529 in 2014.

-- Advertisement --

Total sales reserved and completed also stand at a record £740m.

Peter Truscott, Chief Executive, said he was "delighted" to report all of the Group's businesses were performing well.

"Market conditions have remained positive, with build cost increases stabilised to a manageable level," he said.

"In Linden Homes we have improved our margins and increased outlet numbers and unit sales per outlet. In Partnerships we continue to make progress in line with our strategy, and are considering whether we can expedite that growth. In Construction our order book remains strong, with good visibility on projected revenue for the rest of this year and next.

Mr Truscott added he was confident of continued success in the coming months.

"As we look ahead to the second half of the year, we are in a strong position to deliver results in line with our expectations," he said.

(LM/MH)