2018 INTERIM RESULTS ANNOUNCEMENT
24 August 2018
HENRY BOOT PLC
(‘Henry Boot’, ‘the Company’ or ‘the Group’)
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2018
Henry Boot PLC, a company engaged in land promotion, property investment and development, and construction, announces its interim results for the period ended 30 June 2018. Ticker: BOOT.L: Main market premium listing: FTSE: construction & materials.
HIGHLIGHTS
|
|
|
30 June 2018 |
30 June 2017 |
% change |
|
|
Profit before tax |
£26.2m |
£22.6m |
+15.9% |
|
|
Operating profit |
£26.4m |
£22.8m |
+15.8% |
|
|
Earnings per share |
15.7p |
13.1p |
+19.8% |
|
|
Interim dividend |
3.20p |
2.80p |
+14.3% |
|
|
Net debt |
£26.0m |
£62.2m |
-58.2% |
|
|
Net asset value per share |
217p |
184p |
+17.9% |
Commenting on the results, Chief Executive John Sutcliffe said:
“We are very pleased to report another impressive performance in the first half of 2018, achieving improved profit, earnings per share, net asset value and dividends, while significantly reducing debt, compared to a year ago.
“So long as market conditions remain stable as we transit through the political and economic uncertainties, we look to the future with confidence. We have a strong pipeline of land, housing and commercial development opportunities to provide our customers with the property assets they require.
“Trading in the second half of 2018 has started well, and given the level of forward contracted business, the Board is confident in meeting its expectations for the full year and those for 2019 which, at this early stage, remain unchanged.”
Click here to view the full 2018 Half Year Results Announcement
For further information, please contact:
Henry Boot PLC
John Sutcliffe, Chief Executive Officer
Darren Littlewood, Group Finance Director
Tel: 0114 255 5444
Investec Bank
Carlton Nelson/David Anderson
Tel: 020 7597 5970
Hudson Sandler LLP
Wendy Baker
Tel: 020 7796 4133
An interview with John Sutcliffe, Chief Executive Officer of Henry Boot PLC commenting on the interim results is available to view at www.henryboot.co.uk or available here.
