Profits and revenues rise at VP in “unsettled” market

TOOL and equipment hire group VP plc increased profits and revenues in the first half of the year in spite of “unsettled” market conditions.

By The Newsroom

Published 28th Nov 2012, 08:12 BST

The Harrogate-based company said profits before tax and amortisation rose 6 per cent to £11m during the six months ending September 30.

Revenues rose 2 per cent to £84m over the same period.

Chairman Jeremy Pilkington said: “The group has delivered another extremely positive set of results despite continued unsettled market conditions.

“The strength of these figures highlight the benefit of Vp’s well established strategy of focusing on specialist sectors where the group enjoys strong market positions.

“We have continued to invest in our people, systems and fleet to ensure sustainable performance over the medium and long term.”

Harrogate