Henry Boot expects better profits
But the Sheffield-based company warned of a 14 per cent fall in revenues for the year, adding that the current property valuation is expected to be slightly below that of June 2011, reflecting a weaker market.
Data from researcher Investment Property Databank, the benchmark index for UK property, recently showed values weakened in 2011 and the outlook for 2012 was “less than ideal”.
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Hide AdIn November the company said some of its land sales generated better-than-expected profits.
Last year the group sold a shopping centre in Ayr for £33.8m.
Henry Boot expects revenues for the year ended December 31 to be about £113m, compared with £131.9m last year.