09.04.2005

VP make bullish year end statement

The Board of Vp plc, parent of UK Forks and tool hirer Hire Point and Torrent Trackside has issued a positive trading update for the year ended March 31st. Preliminary Results will be released on the ninth of June 2005.

“We are pleased to report that Group trading for the year has been very satisfactory and in line with the Board's overall expectations” said Neil Stothard, Managing Director.

“The outlook for the markets within which the Group operates remains positive and we anticipate that the Group will deliver another year of further progress”.

Vertikal Comment

VP had revenues of £83 million last year, interim revenues were up 11 percent with profits doing marginally better than that. This year VP should turn in revenues approaching £95million with pre tax profits of around £10 million or so.