Construction firm Galliford Try has announced a continued strong performance in the first six months of its financial year.

The Group has continued to increase its revenue, up by 21% on the same period in 2023, while both profit before tax, up 33% at £15.6m, and margin up 0.2ppts to 2.5%, have seen notable rises.

The business's cash position remains strong at £150m average month-end cash, and a high-quality order book, predominantly in long-term frameworks, provides visibility and security of future workloads and continued growth prospects well beyond the Group’s current financial year.

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Given the successful performance against Galliford Try's Sustainable Growth Strategy, the business intends to update its strategy to 2030 at a Capital Markets Event on 23 May 2024.

Bill Hocking, Chief Executive of Galliford Try, commented: "I am very pleased with the Group’s performance in the first half of the financial year. There is strong momentum in the business and our continued excellent performance is a reflection of our disciplined strategy, committed people and long-established relationships with our supply chain and clients."