Henry Boot to cut jobs amid plummeting profits

By Jonathan Owen2020-08-25T11:39:00

Covid-19 blamed for drop in revenue and profit

Covid-19 is being blamed for a sharp drop in turnover and profit at Sheffield property developer and contractor Henry Boot.

Revenue has been slashed from £189 million to £108.7m and profit has plummeted from £24.1m to £7.2m compared to the first six months of 2019, according to the company’s latest half year results released yesterday.

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