Development firm Henry Boot has seen profits grow by more than two-thirds as it eased back on the acquisition of new land.
The Sheffield firm has released unaudited interim results for the half of 2022 which show revenues rising 12% to £144.4m and profit before tax increasing 68% to £38.8m. The company said its first half performance was driven by land disposals and property development completions, as well as strong performance in residential land sales and industrial development activity.
But it said it had taken the decision to limit further site acquisitions, and highlighted issues with supplies, inflation and the planning system as headwinds it was facing.
