Henry Boot, the property and construction company, said that a drop in
pre-tax profit from £8.87m to £7.72m for the first half was caused by IFRS.
The company, which despite the fall in pre-tax earnings reported an increase
in turnover from £26.4m to £42.4m, said that after restating its interims for
last year as required by IFRS, it had undertaken an unusually large revaluation
of its of its properties.
Henry Boot said the revaluation was the reason for the drop in reported
profits. The group’s shares rose by 11.5p to 590p.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016