Business
Pre-close Trading Update
Pre-close Trading Update.
About this update from Henry Boot Plc
[{"type":"text","content":"\n \nRNS Number : 2636Y Boot(Henry) PLC 23 January 2014 \n \n\nHENRY BOOT PLC\n('Henry Boot' or 'the Group')\nPre-close Trading Update\n \n \nThe Board of Henry Boot issues the following trading update for the year ended 31 December 2013.\n \nRevenues for the year ended 31 December 2013 were approximately £150m with some £20m related to one-off property sales.\n \nHaving concluded certain land sales late in December 2013, which had previously been expected to complete after the year end, we now anticipate that Group profit before tax will be approximately 10% ahead of management's expectations. Furthermore, despite completing these sales ahead of forecast, we remain comfortable with expectations for the year ending 31 December 2014.\n \nThe Group's balance sheet remains robust with gearing at the year end at approximately 20% (2012: 12%) though this has reduced in January 2014 after deferred payments for land sales were received as due.\n \nOur land management, property development and construction businesses have strong opportunity portfolios for 2014 and we look forward to updating shareholders in more detail at the time of our 2013 full year results announcement on Thursday 27 March 2014.\n \n \nFor further information, please contact:\n \nHenry Boot PLC\nJamie Boot, Group Managing Director\nJohn Sutcliffe, Group Finance Director\nTel: 0114 255 5444\nwww.henryboot.co.uk\n \nGarry Levin\nInvestec Bank plc\nTel: 020 7597 5000\n \nFiona Tooley\nTooleystreet Communications\nMobile: 07785 703523\nTel: 0121 309 0099\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END TSTEAAFAALXLEFF\n ","length":3172,"tagName":"div"}]