18th Jan 2017 08:13
LONDON (Alliance News) - Henry Boot PLC on Wednesday said its 2016 results will be slightly ahead of market expectations after a busy December on the deal completion front.
The land and property investor and construction company said some land and property deals closed in line with its expectations in December, while 44 residential sales were completed in the month from Stonebridge Projects, its housebuilding joint venture, and at the Chocolate Factory residential development in York.
In addition, Henry Boot said construction work on the Aberdeen Exhibition & Conference Centre in Scotland is ahead of schedule, resulting in slightly higher profit recognition for the company for 2016.
Thanks to this, Henry Boot said its 2016 results, to be reported on March 24, will be slightly ahead of the market view.
Shares in Henry Boot were up 0.9% to 200.00 pence early Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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