Business
Vp PLC : Final Results
Vp PLC : Final Results.
About this update from Vp Plc
[{"type":"text","content":"\n Vp PLC : Final Results 4 June 2015 Vp plc(\"Vp\" or the \"Group\" or the \"Company\")Final Results Vp plc, the equipment rental specialist, today announces its Final Results for the year ended 31 March 2015.HighlightsSignificant 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 penceReturn 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 millionFinal 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%Jeremy Pilkington, Chairman of Vp plc, commented: \"It has been a record breaking year for the Group with significant progress made across all key metrics including profits, revenue, earnings per share and dividends. The economic environment in both the UK and globally is more positive than for some time and all Group business divisions are identifying significant growth and investment opportunities for the near and long term future.\" \"The Board believes that Vp's diverse business model coupled with an active pursuit of growth opportunities will help to continue to deliver quality returns for our shareholders. We look forward to the year ahead with much confidence.\" - Ends - Enquiries:Vp plc Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 400 [email protected] Neil Stothard, Group Managing Director Tel: +44 (0) 1423 533 400 [email protected] Allison Bainbridge, Group Finance Director Tel: +44 (0) 1423 533 400 [email protected] enquiries:Abchurch Communications Henry Harrison-Topham / Jamie Hooper Tel: +44 (0) 20 7398 7702 [email protected]'S STATEMENTIt gives me great pleasure to report to shareholders on another excellent, indeed record breaking, year for the Group. Our relentless focus on ...