Performance in-line for Henry Boot
HENRY Boot, the property development, construction and land management business, today said its full year pre-tax profits were expected to be in line with expectations.
The Sheffield-based group also said revenues for the year December 31 2012 were expected to be around £100m. This would compare to £114.6m in 2011.
In a trading update issued to the stock market this morning, Henry Boot said the value of its property portfolio would be in line with that of six months ago.
“We are now part way through our Manchester development which we anticipate will conclude in the second half of 2013 and we expect to start works on our development with Calderdale and Huddersfield NHS Foundation Trust in February 2013 with completion expected in 2014,” the company said.
It added that its balance sheet remained “robust”, with further investments being made in its land and development portfolio.
Henry Boot said its Hallam Land Management arm had made a positive start to 2013 with the completion of the sale of a site for 100 units at Burdiehouse, Edinburgh, and planning permission being given for 71 units in Cam, Gloucestershire, for 71 units.
The group will announce its full year results on March 27.
