Henry Boot Plc reports a slightly better than revised expectations PBT for H1 2020

Henry Boot PLC (LON: BOOT) has released its results for the six months period ended 30 June 2020.The company’s all operations were impacted by Covid-19, though the H1 2019 numbers gained from the last phase of the Aberdeen’s TECA project.

  • The revenue of the company declined to £108.7 million as compared to £189.0 million as of 30 June 2019.
  • Profit before tax at £7.2 million were slightly ahead of its revised expectations and supported by the land promotion business, however, they were much lower than £24.1 million in the same period last year.
  • The company managed to maintain a strong net cash position of £42.3 million as compared to net debt of £50.3 million as of 30 June 2019.
  • On 24August 2020, at the time of writing, GMT 09:07 AM, BOOT shares were trading at GBX 271.00, up 16.00 points or 6.28% against the previous day closing price.