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VP. improves FY pretax profit

04 June 2015 09:19

Vp Plc, the equipment rental specialist, today announces its Final Results for the year ended 31 March 2015.

Highlights:

- Significant improvement in profit before tax and amortisation up 33% to £26.8 million (2014: £20.1 million)

- Revenues increased 12% to £205.6 million (2014: £183.1 million)

- Basic earnings per share pre-amortisation rose 30% to 54.5 pence

- Return on capital employed increased to 16.2% (2014: 13.5%)

- Strong cash flow generation with EBITDA increasing to £53.8 million (2014: £44.3 million)

- Increase in net debt to £66.8 million (2014: £53.0 million) after funding: Capital investment in the fleet of £49.3 million; Acquisition of the trackside plant and equipment rental business of Balfour Beatty Rail Limited for £5.5 million

- Final dividend proposed of 11.5 pence per share, making a total of 16.5 pence for the full year (2014: 14.0 pence), an increase of 18%.

At 9:19am: (LON:VP.) VP PLC share price was +52.5p at 727.5p

Story provided by StockMarketWire.com

Related Company: VP.

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