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Vp PLC - Harrogate-based equipment rental firm - Pretax profit for the financial year ended March 31 falls by 14% to £30.7 million, from £35.6 million the prior year. Vp says this was due to the increase of an amortisation and impairment charge of £4.5 million, up 36% from £3.3 million the previous year. Revenue rises by 5.9% to £371.5 million, up from £350.9 million the previous year. Vp says this revenue increase reflects its ‘resilient performance’. Vp’s final dividend was up 3.9% to 26.5 pence from 25.5 pence, this brings the total dividend to 37.5 pence, up 4.2% against 36.0 pence the previous year.
‘We remain confident that the group will continue to provide shareholders with an attractive level of returns. Vp has an excellent track record and we believe the current market challenges will bring into view profitable growth opportunities,’ said Chair Jeremy Pilkington.
Current stock price: 655.00 pence, up 1.6%
12-month change: down 30%
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