VP delivers record revenues

HARROGATE-based equipment rental specialist VP today revealed it had achieved record revenues with “excellent” organic growth.
By The Newsroom
Published 29th May 2012, 10:03 BST

The company said it had a solid balance sheet with strong operational cashflows.

In the year ended March 31 2012, revenues increased by 16 per cent to £163.6m, while profit before amortisation, exceptional items and tax also rose 16 per cent to £16m.

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The proposed final dividend is 8.25p per share, an increase of 7.1 per cent, making a total of 11.35p for the full year.

Jeremy Pilkington, the chairman of VP, said: “The group has delivered another impressive trading performance despite the lack of improvement in general market conditions over the last year.

“The strength of these results once again demonstrates the benefits of our well established strategy of focusing on specialist sectors where the group can command strong market positions.

“The new financial year will no doubt present further challenges and uncertainties but we remain committed, and confident in our continued ability, to create opportunities and to deliver growth in shareholder value over the longer term.”

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