Jan 9 British homebuilder Galliford Try Plc
said first-half profit would be above its expectations
as the company benefited from selling more homes at higher
"Housebuilding continues to deliver good results in a stable
market with construction performing well against a backdrop of a
difficult market," Chief Executive Greg Fitzgerald said in a
Galliford said the housing market, particularly in the south
of England -- which is the company's main focus -- continued to
be stable with prices achieved slightly ahead of expectations
since the start of the company's financial year in July.
Sales during the first half ended Dec. 31 were 1,364 units,
up from 1,352 units last year. Average selling prices were up
3.8 percent in the period at 248,000 pounds ($397,700).
The company said it was on track to meet its expectations
for the full year.
Galliford's shares, which have risen about 19 percent in the
past six months, closed at 771 pence on Tuesday on the London