U.K. rental company Vp posted an 8-percent increase in pre-tax profit for its fiscal year ended March 31, which it attributed to its diversified fleet. Pre-tax profits were £21.7 million (about U.S. $35 million), compared with £20.2 million in 2008.
Volume increased 1 percent to £150.1 million, from £149.3 million in the previous year.
“The economic conditions remain challenging and uncertain, however we believe that our financial strengths, our diversity of end markets and our continued focus on service excellence, will enable Vp to deliver another satisfactory result in the new financial year,” said chairman Jeremy Pilkington.
The company contains six divisions: Groundforce, UK Forks, Airpac Bukom Oilfield Services, Torrent Trackside, TPA and Hire Station.
