7th Dec 2020 14:24
Vp PLC - Harrogate-based equipment rental firm - Posts pretax profit of GBP8.5 million for the six months ended September 30, narrowing from GBP25.8 million a year prior. Administrative expenses increase to GBP26.7 million from GBP16.5 million year-on-year. Revenue is down to GBP142.1 million from GBP186.6 million a year before. Pays a special dividend in lieu of a final dividend for the year ended March 31 of 22 pence per share. Axes an interim dividend, compared to last year's 8.45 pence. Says its businesses are gradually recovering towards prior year trading levels, buoyed by the positive medium-term outlook for infrastructure investment in the UK. Says the company remains in "excellent" financial condition and is well positioned to take advantage of the uplift in demand and return the business to its historic levels of profitability.
Current stock price: 798.00 pence
Year-to-date change: down 15%
By Greg Roxburgh; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Vp