Ashtead confident of beating FY expectations

Plant hire group Ashtead reported record third quarter pre-tax profit and expects full year profit to be significantly ahead of previous company expectations.

Plant hire group Ashtead reported record third quarter pre-tax profit and expects full year profit to be significantly ahead of previous company expectations.

For the quarter ended 31 January 2012 the group posted pre-tax profit of £21m compared with a £2m loss the same time a year before, helped by favourable weather conditions and after momentum continued from recent quarters. Revenue for the period increased 21% to £271.3m.

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