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Revenue rise for developer Henry Boot

Land developer Henry Boot posted a 74% rise in revenue to £306.8m, in 2016.

Profit before tax was up 22% to £39.5m and earnings per share rose 23% to 21.5p.

It developed more than 875,000 sq ft of new, prelet and presold space, most of which was industrial. It agreed terms on a further 2m sq ft, most of which is expected to start or be completed in 2017.

John Sutcliffe, who took over as chief executive of Henry Boot last January, said: “I am very pleased to report that Henry Boot has delivered yet another strong operational performance, financial result and earnings per share growth of 23%.

“Our strategy and the company organisation remains unchanged, as do the key metrics by which we manage and monitor our business segments. 2017 has started well in all our businesses and we confidently look forward to a year of further progress.”

To send feedback, e-mail karl.tomusk@egi.co.uk or tweet @ktomusk or @estatesgazette

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