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Ashtead Group H1 revenue increased 18 percent

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Staff writer ▼ | December 10, 2015
Ashtead Group has posted a positive start to the year, with first half ended October 31 revenue growth of 18% driven by a strong second quarter.
Ashtead Group
Ashtead Group   Underlying revenue for the quarter grew 17%
Underlying revenue for the quarter grew 17% at constant exchange rates from £477.9m to £589.0m, boosting first half revenues to £1.13bn.

That led to a first half pre-tax profit of £342.7m, up 21% on 2014's £265.5m and will pay a 4p per share interim dividend.

The company also increased its capital invested in the business from £588m to £696m, and saw a 19% return on investment.