Pre-tax profit soars at Ashtead in half yearly results

Equipment rental group Ashtead unveiled strong first half yearly results on Tuesday morning, revealing pre-tax profit had risen by 64 per cent to 140.7m pounds compared to 84.4m pounds in the corresponding period last year.

Equipment rental group Ashtead unveiled strong first half yearly results on Tuesday morning, revealing pre-tax profit had risen by 64 per cent to 140.7m pounds compared to 84.4m pounds in the corresponding period last year.

The group, which has a market capitalisation of £2,161m and is listed on the FTSE 250, stated that revenue had risen by 17% in the first half of the year 2012 and forecasted that its profit for the full year would exceed earlier predictions.

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