Upbeat MD is confident of further profit rise in 2008

Henry Boot has announced a 14% rise in pre-tax profit to 拢46.5m for the year ended 31 December 2007.

Turnover dropped 12% from 拢142.3m to 拢124.8m as a result of fewer land transactions.

Construction contributed 拢77m to turnover and the property and land development business 拢48m.

Jamie Boot, group managing director, was upbeat about the results despite the worsening property market.

He said: 鈥淚'm reasonably comfortable with life at the moment. There are a number of opportunities coming through and profit in 2008 should be a shade ahead of last year.鈥�

Boot said that there are no plans to reduce costs or negotiate discounts with suppliers as a result of the downturn and reiterated that the company is a long-term business.

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