Equipment provider announces pre-tax profit of 拢13m and 21% rise in turnover to 拢120m.
Equipment provider Speedy Hire reported a 16% jump in profits for the first half of the year as new safety legislation boosted demand for its products.
Pre-tax profits rose to 拢13m in the six months to September 30, from 拢11.2m in the same period last year. The plant and tool hirer also reported a 21% rise in turnover from 拢98.9m to 拢120m.
Speedy attributed the growth to the impact of safety legislation on the industry, together with picking up work in new markets including oil, steel, industrial services and specialist manufacturing.
