Henry Boot has reported a strong financial performance for the six months to the end of 30 June 2022. Group revenue increased from £129m to £144.4m – an 11.9% rise – and profit before tax grew 68% to £38.8m.
NAV per share also increased 11% to 297p. Off the back of the strong operational performance, the company declared an interim dividend of 2.66p – an increase of 10% on the 2.42p in June 2021.
Tim Roberts, CEO at Henry Boot, said: “We have had one of our best ever first half years with materially rising profits and good progress achieved against our strategic targets. Taking advantage of our three key markets we have made significant sales whilst being selective on purchases. This has allowed us to keep gearing low, despite continued investment in our high-quality committed development programme and our growing housebuilder, and at the same time increase our interim dividend by 10%.
“We have worked hard to do our best to adjust to supply restrictions, inflation and an increasingly complex planning system. This work, together with our committed team of people and the relatively high level of forward sales for 2023, see us well placed as we enter what seems yet another period of economic uncertainty.”
