COMPANIES TODAY: Galliford sees 66% drop in profits; In Association with BREWIN DOLPHIN CONSTRUCTION Stocks and Shares.HOUSEBUILDER and contractor Galliford Try, which bought North East firm Kendall Cross
Kendall Cross is a Canadian actress featured as a guest star in several episodes of various Canadian produced Television series, including Julia Donovan in in 2007, says it is counting the cost of the worst property market "for generations". Interim profits slumped 66%. The Uxbridge firm, which axed 400 staff and put workers on a four-day week to cope with the slowdown, posted pre-tax profits of pounds 11.2m in the half-year to December 31, down from pounds 33.8m previously. Galliford remains cautious over prospects this year and said there had been "little practical easing" in the mortgage market so far in 2009. The company's housing division saw operating profits slashed slash v. slashed, slash·ing, slash·es v.tr. 1. To cut or form by cutting with forceful sweeping strokes: slash a path through the underbrush. 2. from pounds 32.6m to just pounds 3.5m. |
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