U.K. rental company Vp plc posted £121.7 million in revenue for the fiscal first half of 2017, compared to £105.1 million for the same period a year ago, a 15.8-percent year-over-year increase. Return on average capital employed was 15.6 percent. Capital investment in the rental fleet increased to £29.9 million, compared to £23.4 million a year ago, a 27.8-percent hike.
“Strong organic growth plus the successful integration of two acquisitions has delivered this excellent set of results,” said chairman Jeremy Pilkington. “Increased capital investments into market opportunities gives us confidence that we will be able to deliver results ahead of market expectations for the year as a whole.”
Profit before tax and amortization increased 9 percent to £18.7 million.