Chocolate factory in boost for Henry Boot

Property developer Henry Boot said its 2016 results will be slightly ahead of market expectations after a busy December for deals.
Construction firm Henry BootConstruction firm Henry Boot
Construction firm Henry Boot

The Sheffield-based firm said 44 residential sales were completed in December at the Chocolate Factory residential development in York and at Stonebridge Projects, its housebuilding joint venture.

​​​The redevelopment of the Terry’s Chocolate Factory in York ​has been​ one of the group’s star performers.

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The site will have 170 flats in total, ranging from one bedroom to three bedroom apartments.

​The group said that construction work on the Aberdeen Exhibition​ ​and Conference Centre development is ahead of schedule​,​ resulting in marginally higher profit​s​ for the year​ to December 31​.

​The ​group said it now expects profit before tax and earnings per​ ​share ​for 2016 will be slightly ahead of market expectations.

​It said ​it has start​ed​ 2017 in an ​“​excellent position​“​ to achieve another year of further progress, delivering growth​ ​in long-term shareholder value​, ​d​espite​ the continuing macroeconomic concerns regarding the EU​ ​Referendum​. ​

​The group will announce its 2016 results on March 24.

The group said pre-tax profit leapt 49 per cent to £21m in the six months to June 30.