Henry Boot boosts divi as profits fade

Property developer Henry Boot lifted its dividend payment despite reporting a decline in annual pre-tax profit as challenging conditions continue in the UK property and construction markets.

Property developer Henry Boot lifted its dividend payment despite reporting a decline in annual pre-tax profit as challenging conditions continue in the UK property and construction markets.

The Sheffield-based firm said pre-tax profit fell to £16.1m in the year for the year ended 31 December 2011 from £18.9m the year before. Trading profits rose to £20.8m from £18m a year earlier.

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