Highlights
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11% improvement in profit before tax and amortisation to £29.8 million (2015: £26.8 million) |
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2% increase in revenues to £208.7 million (2015: £205.6 million) |
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14% increase in basic earnings per share, pre-amortisation, to 62.21 pence |
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Return on average capital employed increased to 16.3% (2015: 16.2%) |
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EBITDA up 10% to £59.3 million (2015: £53.8 million) |
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Net debt of £86.1 million (2015: £66.8 million) after funding: |
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o Capital investment in the fleet of £45.9 million |
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o Acquisitions of Test & Measurement and Higher Access for £8.1 million |
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Final dividend proposed of 13.5 pence per share, making a total of 18.85 pence for the full year (2015: 16.5 pence), an increase of 14% |
Jeremy Pilkington, Chairman of Vp plc, commented:
"Following last year's record breaking results, the Group has continued to make further good progress this year reporting another strong financial performance with improvements in profits, margins and returns, delivered from a relatively modest growth in revenues. This trend is expected to continue as the varying demands of supportive infrastructure, housebuilding and construction markets play against a challenged oil and gas sector."
