6 July 2022 - final results

Commercial vehicle rental provider Redde Northgate has released final results for the year ended 30 April 2022.  Revenue was £1,244m on a reported basis and £1,094 on an underlying basis versus £1,109m and £880m respectively in the prior year.  The underlying figure excludes vehicle sales revenue.  Underlying profit before tax was £151.3m (2021: £93.2m) and statutory profit before tax was £132.7m (£67.2m).  Underlying earnings per share came in at 50.8p (2021: 31.0p), representing a 63.9% increase.  Statutory earnings per share were 41.3p (2021: 26 . . .

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