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Henry Boot sees annual revenue fall

Property development firm Henry Boot said revenue for the year ended December 31st 2012 will be around 100m pounds, down from 114.6m pounds the previous year while group pre-tax profit will be in line with company forecasts.

Property development firm Henry Boot said revenue for the year ended December 31st 2012 will be around 100m pounds, down from 114.6m pounds the previous year while group pre-tax profit will be in line with company forecasts.

The valuation of the group's property portfolio is anticipated to be broadly in line with that of June 2012, which reflects the initial valuation uplift on completion of the Warminster foodstore development, Henry Boot explained.

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The Sheffield based firm added that it is now part way through its Manchester development and expects it will conclude in the second half of 2013.

It expects to start work on its development with Calderdale and Huddersfield NHS Foundation Trust in February 2013 with completion expected in 2014.

The group said there has been no material change in its financial position since its interim statement in November 2012 with gearing at the year-end was at 11% compared to 1% in 2011.

CJ

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