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Henry Boot H1 profit climbs 82.4% YOY

Henry Boot PLC said its first-half normalized net income came to 9 Great British pence per share, an increase of 82.4% from 5 pence per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £12.6 million, an increase of 82.4% from £6.9 million in the year-earlier period.

Total revenue climbed 35.4% on an annual basis to £107.3 million from £79.2 million, and total operating expenses rose 27.0% from the prior-year period to £85.7 million from £67.5 million.

Reported net income increased 53.3% from the prior-year period to £15.8 million, or 12 pence per share, from £10.3 million, or 8 pence per share.