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Galliford construction revenue dips

Hybrid firm Galliford Try has posted a slight dip in construction revenue.

The company saw turnover in its construction division drop 1.3% to £912.7M in the year to 30 June 2013.

Meanwhile its housebuilding arm grew its income by 0.5% to £639.6M over the same period.

Galliford Try said in a review of its construction division: “We have maintained our core skills and protected margins, delivering profits while managing our planned reduction in turnover.”

It said that on 30 June 2013, its order book was £1.7bn, up from £1.65 billion a year later.

The firm said it expected its markets to recover slowly, although prices remained under pressure.

“We will continue to keep overheads tight, maintain our focus on risk and ensure the business is in good shape so it can grow again when market conditions allow,” it said.

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