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Aberdeen bypass costs take a chunk out of Galliford Try profits

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House being built
Galliford Try's housebuilding arm built 6,057 new homes in the year to June Credit: Roger Bamber/Alamy

Galliford Try once again blamed its delayed Aberdeen road project for a fall in profits a day after it revealed it was trying to resurrect a housebuilding tie-up with rival Bovis. 

Profits fell to £104.7m from £143.7m for the year to the end of June, while revenues edged down from £2.9bn to £2.7bn.

The FTSE 250 construction firm had to foot another £26m bill to complete the Aberdeen Western Peripheral Route, which has now been finalised, as well as other one-off charges worth £24m. Stripping these out, pre-tax profit was in line with expectations at £155.5m, down from £188.7m last year. 

Its housebuilding arm, which will be merged with that of Bovis in a £1bn deal if all goes to plan, built 6,057...

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