HENRY BOOT PLC
UNAUDITED HALF-YEARLY RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2015
Henry Boot PLC ('Henry Boot', 'the Company' or 'the Group') (Ticker: BHY: Main market premium listing: FTSE: construction & materials), a company engaged in land development, property investment and development, and construction, announces its half-yearly results for the period ended 30 June 2015.
HIGHLIGHTS30 June 2015 | 30 June 2014 | % change | ||
Profit before tax | £14.0m | £13.4m | +4.5% | |
Earnings per share | 7.8p | 7.4p | +5.4% | |
Interim dividend | 2.30p | 2.10p | +9.5% | |
Net asset value per share | 160p | 149p | +7.4% | |
Property revaluation: surplus | £1.1m | £1.8m | - | |
Investment property disposal profits | £0.4m | £0.3m | - | |
Net debt | £55.4m | £33.1m | - |
Commenting on the results, Chairman John Brown said:
"I am pleased to report that Henry Boot has performed very satisfactorily in the first half of 2015 trading in line with management expectations. All our businesses are trading well in their respective markets and economic operating conditions are currently favourable across the Group.
"We continue to have a strong portfolio of strategic land and development opportunities which are delivering profitability in line with appraisal forecasts. Improved investment and tenant demand continues to support the higher levels of commercial activity we are currently undertaking. We have also added a housing development land bank of over 300 units to be delivered over the next three to four years, accessing the high returns that are currently available on housing development.
"Overall, given the strength of the investment market, our construction order book and subject to the completion of certain key transactions during the second half of 2015 and notably around the year end, trading for the year ending 31 December 2015 is expected to be in line with our expectations."
For further information, please contact:
Henry Boot PLC
Jamie Boot, Group Managing Director
John Sutcliffe, Group Finance Director
Investec Bank plc
Garry Levin
Tel: 020 7597 5000
TooleyStreet Communications
Fiona Tooley
Mobile: 07785 703523
Tel: 0121 309 0099
Click here to view the full 2015 Half-yearly Results Announcement
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