With Brexit anxiety weighing on the construction industry, followed by general election uncertainty and the arrival of Covid-19, VP (VP.) saw its revenue fall 5 per cent in the 12 months to 31 March. But the equipment rental specialist kept a tight lid on costs. As such, a 0.8 percentage point expansion in the margin to 14.3 per cent meant like-for-like adjusted operating profit held steady at £51.9m.
IC TIP:
Hold
at
751p