RERMAG

British Vp Rental Group Posts Profitable ’05 Numbers

British equipment rental group Vp increased revenue by 10 percent to almost 100 million pounds, about U.S. $180 million, it announced last week. The company posted a 13.2 percent in pre-tax profits, around $20.6 million.

Vp’s net debt grew from about $3.7 million to about $60.7 million as a result of more than $66 million spent on acquisitions.

Vp’s Hire Station division brought in a profit of about $3.5 million, after a loss of about $1.3 million in 2004.

All above dollar figures are approximate, based on current conversion rates.

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