Published 05 April 2006 at 08:45
Henry Boot has announced a huge increase in profits today on the back of big sales for its property development business.
The firm works in a number of areas including construction, plant hire and property development. The chairman, John Reis, said that it had benefited from high demand for its property such as Priory Park retail centre in Hull.
For the year ended December 31 2005 pre-tax profit was up by 30 per cent, at �30.2 million, compared with �23.2 million in 2004. Turnover was up from �84 million in 2004 to �101 million in 2005.
Mr Reis said: �All in all, a very creditable and solid performance that has culminated in a further outstanding year's result for 2005.�
The firm's construction arm has secured a number of public sector framework deals, but failed to hit its turnover target. However it did beat its target for pre-tax profit.
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