U.K.-based aerial equipment rental specialist Vp plc posted £167 million (about U.S. $257 million) in revenue for its full fiscal year ended March 31, a 3-percent increase compared to £161 million for the previous year. Operating margins increased from 11.5 percent a year ago to 11.9 percent, and return on average capital employed grew from 13 percent to 13.3 percent.
Operating profit before amortization grew from £18.5 million to £19.8 million.
Vp chairman Jeremy Pilkington termed the year “a very satisfactory performance. Whilst the economic background still contains significant uncertainties and challenges, this set of results again demonstrates the Group’s ability to continue to deliver value for shareholders even within a relatively unsupportive trading environment. Each of our businesses continues to work hard to uncover opportunities for investment and growth and we believe that the group has positive momentum moving into the new financial year.”
Vp’s business segments include U.K. Forks, Groundforce, Airpac Bukom Oilfield Services, Hire Station, TPA (portable roadway systems), and Torrent Trackside.
Vp is headquartered in Harrowgate, North Yorkshire, U.K.
