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Vp annual profit rises 9% after UK sales boost

By BFN News | 07:58 AM | Tuesday 04 June, 2019

Equipment rental specialist Vp posted a 9% rise in annual profit after it boosted sales in the UK. Pre-tax profit for the year through March rose to £33.6m, up from £30.8m on-year. Revenue grew 26% to £382.8 and underlying profit rose 15% to £46.8m. Vp declared a final dividend of 22.0p per share, making a total of 30.2p for the year, up 16% on-year. 'Vp has started the new financial year positively and in line with our expectations,' chief executive Neil Stothard said. 'We anticipate that our main markets in the UK will continue to be supportive, but with slightly slower overall growth than experienced in recent years influenced by the current political and economic uncertainty.' 'I am pleased to say that the international backdrop is also broadly positive, with opportunities in Australasia with TR Group and the wider oil and gas exploration and maintenance sectors too.' Story provided by

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