19 January 2021 | 09:58am
StockMarketWire.com - Henry Boot said annual performance was materially ahead of its revised expectations for 2020, driven by land sales and strong recovery in the housing recovery.
A major contribution to Hallam Land s performance in H2 was the disposal of an interest in a joint venture site in the Midlands, which had long-term potential for residential and commercial development.
Further transactions which exchanged in H2 would make a significant contribution to the Group s profit in 2021, the company said.
In H2, Henry Boot construction s productivity increased on sites to 95% of planned activity with growing existing public sector work leading to a strong orderbook for 2021, the company said.