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Tip update: Early land disposal for Hargreaves Services

Excavation and support services provider Hargreaves Services (LON: HSP) has done slightly better than expected in the year to May 2024 and that has led to a profit forecast upgrade. Although, the 2024-25 figure has been trimmed. The dividend will be 36.6p/share.

Hargreaves Land completed a deal slightly earlier than anticipated, which led to the gain moving into 2023-24. Net cash was better than expected at £22.7m at the end of May 2024 because of the property deal completion.

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