StockMarketWire.com - Henry Boot said performance for 2019 fell 'marginally' short of its expectations as the sale of the majority of its retail investments during the second half of the year kept a lid on rental income.

The company said, however, that it had ended the year with higher than expected net cash of around £30m.

Hallam Land Management performed 'exceptionally well,' especially given that a large scheme which had been forecast to complete in 2019 did not reach conclusion,' the company said. 'Trading at Henry Boot Construction held up well, especially given the much-publicised challenges facing the construction market,' it added. 'The group enters 2020 with a strong committed order book with the added opportunity to capitalise on the small foothold established in the partnership homes market through the acquisition of Starfish Commercial.'

At 8:00am: [LON:BOOT] Henry Boot PLC share price was -13p at 329p



Story provided by StockMarketWire.com