Business
2014 Half-yearly Results
2014 Half-yearly Results.
About this update from Henry Boot Plc
[{"type":"text","content":"\n \nRNS Number : 7780P Boot(Henry) PLC 22 August 2014 \n \n\nHENRY BOOT PLC\n \n \nUNAUDITED HALF-YEARLY RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2014\n \n \nHenry Boot PLC ('Henry Boot', 'the Company' or 'the Group') (LSE: BHY), a company engaged in property investment and development, land development and construction, announces its half-yearly results for the period ended 30 June 2014.\n \nHIGHLIGHTS\n \n\n\n\n\n· \n\n\nOperating profit: increased 79% to £14.0m (2013: £7.8m)\n\n\n\n\n· \n\n\nProperty revaluation surplus: £1.8m (2013: deficit £0.5m)\n\n\n\n\n· \n\n\nInvestment property disposal profits: £0.3m (2013: £0.2m)\n\n\n\n\n· \n\n\nProfit before tax: increased 81% to £13.4m (2013: £7.4m)\n\n\n\n\n· \n\n\nEarnings per share: increased 106% to 7.4p (2013: 3.6p)\n\n\n\n\n· \n\n\nIncreased interim dividend: 2.10p (2013: 1.95p)\n\n\n\n\n· \n\n\nNet asset value per share: 149p (31 December 2013: 148p)\n\n\n\n\n· \n\n\nNet debt: £33.1m (31 December 2013: £36.1m)\n\n\n\n\n \nCommenting on the results, the Chairman, John Brown, said:\n \n\"I am pleased to report another strong set of results for Henry Boot for the half year ended 30 June 2014.\n \nCommercial development activity is now at its highest level since 2007 with new, pre-let developments achieving hurdle rates of return, expected to commence in the second half of the year. The combination of this increased level of commercial development, our strategic land sites with well over 10,800 permissioned housing units available for future sale and the solid returns from the construction segment should strongly support growing shareholder returns into 2015 and beyond.\n \nWe currently anticipate trading profits including revaluation gains to exceed the Board's initial expectations for the year. We will, of course, keep the market advised of progress during the rest of the year via the Interim Management Statement in November and pre-close Trading Statement in January 2015.\"\n \nFor further information, please contact:\n \nHenry Boot PLC \nJamie Boot, Group Managing Director...