Contractor says 2014 performance will be ‘comfortably ahead’ of market expectations

Developer and contractor Henry Boot is expecting to beat its 2014 profit forecast, it has announced in a trading update.

The company said that profit for the year ended 31 December 2014 will be “comfortably ahead of current consensus market expectations”, citing the performance in its plant, construction and jointly owned housebuilder business.

The 2014 full-year results will be announced on 26 March 2015.

Last August, Boot announced in its half-year results that profit had leaped 81%, largely due to the performance of its property division.