14.02.2013

Vp says trading stable

Vp, owner of UK Forks and Hire Station has issued an interim statement regarding performance since November.

The company says that trading has been stable and that it expects its full year results to be in line with expectations. The short statement is published below in full.

“Trading across the Group remains in line with expectations and whilst there has been no tangible improvement in overall market conditions, most sectors have remained stable. A sustained demand from regulated infrastructure markets has continued to provide a solid base for the group, in the face of soft general construction demand. In oil and gas, the lower levels of liquefied natural gas activity, highlighted in the interim results, have continued into the second half as anticipated. However the Board is pleased to report that we have secured a number of contracts in the Asia Pacific region which will contribute in the new financial year.”

“Optimisation of the performance of Vp's existing specialist activities remains the board's priority and the Group continues to invest in support of secured opportunities as they arise. Trading through the winter period has been satisfactory and the board expects to report full year profits in line with market expectations.”