04.08.2011

Vp issues positive trading statement

Vp owner of UK Forks has issued an upbeat trading statement saying that growth has continued through its first fiscal quarter.

The statement said:

“We reported in June that the Group had enjoyed a generally upbeat finish to the previous financial year and are pleased to report that this trend has continued into the new financial year with the business delivering growth and capitalising on organic investment opportunities.”

“The house building and rail sectors continue to enjoy a good level of demand and our oilfield services business has experienced useful year on year growth as demand has slowly recovered from recent lows. The general construction market is somewhat subdued but stable. Infrastructure markets remain solid and we anticipate a gradual pickup in AMP5 water sector activity in the second half.”

“The promising start to the year and a strong balance sheet, that enables us to pursue opportunities as they arise, gives us confidence that we will deliver further satisfactory results in the current financial year.”