VP plc, the Harrogate-headquartered equipment rental specialist, has reported a 16% increase in profit before tax to 20.Six million rolling around in its latest annual results.
Revenues were up 22% for any year ended 31 March 2018, reaching 303.6 000 0000 in comparison with last year’s 248.7 million.
EBITDA before exceptions was up 18% reaching 84.3 million.
Chairman Jeremy Pilkington said: “”It has been another year of serious progress to the Group underpinned by record profits additionally, the buying of Brandon Hire, our largest so far.
“In take a look at this outstanding couple of results, the Board is recommending one further dividend of 19.2 pence per share generating a total for any year of 26.0 pence per share, an improvement of 18%.
“We entered the new financial year in excellent shape whilst there may be market uncertainties, good quality towards the new financial year with assurance.”
Chief Executive Neil Stothard added: “The start towards new financial year has long been positive.? We anticipate the core UK markets will continue to supply a strong platform for future growth for our UK division.
“Internationally carry out see some recovery within the oil and gas segment along with a supportive Australian economy.
“We keep drive positive change and development from the whole of Vp and then we remain interested in delivering on those initiatives inside the new financial year.”