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Annual Results

VP Plc turns in record-breaking FY performance

06 June 2017 09:33

VP Plc has hiked its FY pretax profit, prior to amortisation, and total dividend in what it styled as a record-breaking performance.

There was a 17% hike in profit before tax and amortisation to £34.9m, from £29.8m. Revenues rose 19% to £248.7m, from £208.7m. Statutory pretax profit was £30.3m, up from £27.5m.

Final dividend was 16p, taking the total to 22p a share, up 17% on the prior year's 18.85p.

"It has been another record-breaking performance for Vp and we are delighted with the significant progress made within the Group," said chairman Jeremy Pilkington.

"Reflecting this excellent set of results, the Board is recommending a final dividend of 16.0 pence per share making a total for the year of 22.0 pence per share, an increase of 17%," he said.

"Looking ahead, the new financial year has started well and at this very early stage, I believe there is every prospect that we may look forward to another year of significant progress for Vp and our shareholders."

At 9:33am: (LON:VP.) VP PLC share price was +47.25p at 897.25p

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