Regulatory Story
Go to market news section View chart   Print
Company Boot(Henry) PLC
TIDM BHY
Headline

Pre-close Trading Update

Released 07:00 24-Jan-2013
Number 2079W07

RNS Number : 2079W
Boot(Henry) PLC
24 January 2013
 



HENRY BOOT PLC

('Henry Boot' or 'the Group')

Pre-close Trading Update

 

 

The Board of Henry Boot issues the following trading update for the year ended 31 December 2012.

 

There has been no material change in the Group's financial position since the issue of the Interim Management Statement on 12 November 2012.  We anticipate that Group profit before tax will be in line with the Board's expectations.

 

Trading

 

Revenues for the year ended 31 December 2012 are expected to be around £100 million.

 

The valuation of the Group's property portfolio is anticipated to be broadly in line with that of June 2012, which reflects the initial valuation uplift on completion of the Warminster foodstore development.  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 Group's balance sheet remains robust, with gearing at the year-end at around 11% (2011: 1%) as we make further investment in the land and development portfolio.

 

Hallam Land Management has made a good start to 2013 with the completion of the sale of a site for 100 units at Burdiehouse, Edinburgh and the receipt of planning permission, on appeal, at Cam, Gloucestershire, for 71 units.  Furthermore we are well advanced through the legal process on the sale of our site at Banbury, which we anticipate concluding in the near future.

 

We look forward to updating shareholders in more detail at the time of our full year results which are scheduled to be announced on Wednesday 27 March 2013.

 

 

 

For further information, please contact:

 

Henry Boot PLC

Jamie Boot, Group Managing Director

John Sutcliffe, Group Finance Director

Tel: 0114 255 5444

www.henryboot.co.uk

 

Garry Levin

Investec Bank plc

Tel: 020 7597 5000

 

Fiona Tooley

Tooleystreet Communications

Mobile: 07785 703523

Tel: 0121 309 0099


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTEAAFDASDDEFF
Close
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

Pre-close Trading Update - RNS