Vp posts 39% rise in profit

Equipment rental firm Vp has unveiled a 39% rise in pre-tax profits to £20.2m, despite a downturn in the UK construction market.

Meanwhile revenues climbed 23% to £149.3m for the year ended 31 March 2008.

The company, which specialises in construction, civil engineering, rail, oil and gas exploration, said that the changing economic climate would "undoubtedly present challenges", but that it had not seen any significant impact yet, except in UK residential construction.