J. SMART & Co. (Contractors) PLC released its half-year report for the six months ended January 31, 2025. The Groups unaudited profit was £128,000, down from £205,000 in the same period last year. The Groups investment properties were not revalued at the end of the half-year, but a revaluation might have had a positive effect on headline figures. Sales at the Winchburgh private housing development were better than expected, but profitability was impacted by price levels. The Groups residential development at Clovenstone Gardens and speculative industrial development at Inchmuir Park, Bathgate, are progressing, with the former already seeing a block sold to a housing association. A new Joint Venture Company, St. Andrews 1413 Limited, was formed to purchase and refurbish flats for private rental. Construction material prices remain high, and pre-contract processes are protracted, affecting project viability and timelines. The Board announced an interim dividend of 0.96p per share, payable on June 2, 2025. The Groups future prospects are uncertain due to global instability and fragile UK economy, but private housing sales and robust lettings of industrial and office properties are expected to contribute positively. Jane Oliver was appointed as a Director to the Board. The Groups financial statements provide details on income, expenses, assets, liabilities, and cash flows for the period.
| Period | Revenue (£000) | Operating Profit/Loss (£000) | Profit Before Tax (£000) | Profit Attributable to Equity Shareholders (£000) | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 Months Ended 31.1.25 | 6 Months Ended 31.1.24 | Year Ended 31.7.24 | 6 Months Ended 31.1.25 | 6 Months Ended 31.1.24 | Year Ended 31.7.24 | 6 Months Ended 31.1.25 | 6 Months Ended 31.1.24 | Year Ended 31.7.24 | 6 Months Ended 31.1.25 | 6 Months Ended 31.1.24 | Year Ended 31.7.24 | |
| £000 | 9,006 | 8,591 | 22,020 | (55) | 17 | 666 | 128 | 205 | 2,365 | 68 | 148 | 1,673 |