Ashtead ‘confident’ of medium term outlook

INDUSTRIAL equipment hire group Ashtead said it was confident for its medium term outlook after it posted a record high in underlying pretax profit, on strong demand in the United States and Britain.

Tuesday, 16th June 2015, 10:37 am

The company, which rents everything from small tools to large diggers and water pumps, said pretax profit rose to £490m for the year ended April 30, up from £362.1m a year ago and ahead of analyst expectations.

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It was expected to report full year profit of £485.94m according to a poll of 13 analysts.