KHL: Profits Up 83% at Ashtead Driven by Sunbelt Performance

Ashtead Group's operating profits jumped by 83% to £63.4 million for the three months to 31 October driven by an almost doubling of profits at Sunbelt Rentals in the US.

Revenues for the quarter increased by 25% to £306.9 million, with Sunbelt up 28% to £259.3 million, representing 85% of Ashtead's total revenues.

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