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Henry Boot remains profitable

Fri, 12th Nov 2010 14:12
Property developer Henry Boot continues to trade profitably having returned to profit earlier this year, although it appears that the recovery in the property market has slowed. Trading is in line with expectations but new build housing construction is one-half of the annual average for the past two decades. The construction division expects to cover 70% of its anticipated 2011 revenues by the end of 2010. Net debt has almost halved from £25m to £13m since the end of June 2010. The next property valuation will happen at the end of 2010.

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(ShareCast News) - Land and property investor and construction company Henry Boot expects pre-tax profit and earnings per share for the year to the en...

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