(Alliance News) - Galliford Try Holdings PLC said Wednesday it is trading at normal levels through the current restrictions in the UK.
Shares in the construction firm were 6.8% higher in London on Wednesday at 138.81 pence each.
Galliford said it is "performing well", with trading in the six months to December 31 in line with internal expectations and notes all of its projects are fully operational.
"As previously announced, the board expects to report a return to profitability and a resumption of dividend with its half year results to December 31," Galliford added.
The firm noted it has maintained a "strong" cash position, leaving it "well placed" to manage the lockdown in the UK.
Average month-end cash for the six months ended December 31 was GBP158 million, up from GBP141 million in the previous six months.
Galliford said it saw a "strong pipeline of opportunities" across its core sectors in the first half.
"Our strong position in the public and regulated sectors positions the Group well to benefit from increasing government construction and infrastructure spending," the company said.
At December 31, the construction firm had an order book of GBP3.3 billion, up 3.1% from GBP3.2 billion at the same point the year before.
Chief Executive Bill Hocking said he is "pleased" with the trading performance Galliford delivered in the first half.
"Despite the ongoing challenges from Covid-19, our strong balance sheet, market leading sector positions and high-quality order book give me confidence in our future performance," Hocking added.
Galliford will report its interim results on March 4.
By Paul McGowan; paulmcgowan@alliancenews.com
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Galliford Try (GFRD)