Henry Boot Plc (BHY.L), a British property development company, reported Monday that its fiscal 2024 profit before tax fell 18 percent to 37.3 million pounds from last year's 45.6 million pounds.
Basic earnings per share decreased 21 percent to 19.7 pence from 25.0 pence a year ago.
Underlying profit was 36.7 million pounds, compared to 56.1 million pounds in the prior year.
Total revenue grew 5.3 percent to 359.4 million pounds from last year's 341.4 million pounds, driven by land disposals, property development and housing completions.
Net asset value or NAV per share was up 3.7 percent to 306 pence from 295 pence a year ago, due to resilient operational performance.
Further, the Board proposed to pay a final dividend of 4.40p per share, an increase of 10 percent from last year. This brings a total dividend for the year of 7.33 pence, up from last year's 6.66 pence. Subject to approval at the AGM, the dividend will be paid on May 31 to shareholders on the register at the close of business on May 3.
Looking ahead, the company said it remains confident in achieving medium term growth and return targets.
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