24th Mar 2016 08:27
LONDON (Alliance News) - Land and property investor and construction company Henry Boot PLC on Thursday pushed up its dividend as pretax profit increased in 2015.
Henry Boot said it made a pretax profit GBP32.4 million for the year to the end of December, up 14% from the GBP28.3 million made in 2014. Revenue grew to GBP179.2 million from GBP147.2 million.
The company said its strategic land arm performed well amid stable market conditions and expects its commercial property arm to deliver around a dozen projects in 2016 after a slew of them moved to the delivery stage over the course of 2015.
The company said it will pay a 3.80 pence final dividend, up from 3.50p a year earlier, meaning its total dividend will rise 9.0% year-on-year to 6.10p.
"I have taken over as chairman with the business in excellent shape and with our people energised to deliver significant growth in activity. I look forward to reporting on progress through 2016 and beyond," said James Boot, Henry Boot's chairman.
Henry Boot shares were up 0.9% to 222.00p on Thursday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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