King posts strong results

The King Vehicle Engineering Group has announced a sales increase of 38 % to £16.7 million (US$26.5 million), with profit before tax more than doubling to £1.13 million ($1.7 million) for the year ending 31 March 2013.

Growth has been linked to the company’s rail engineering division and increased sales of aerial platforms. In addition, distributorship for Palfinger hooklifts contributed to more than £2 million of sales, while profit also increased at King's specialist vehicle rental division.

Mark Carrington, King group managing director, said, "Despite all the recessionary threats limiting investment in our markets for capital equipment, King has worked hard to reduce its dependence on one particular market sector and our customers respect the increasingly diversified product range all geared to delivering a quality range of truck-related equipment into key growth sectors of our chosen niche markets.

“I am particularly pleased with the way our workforce has accepted the need to continually train and adapt to the expanding range of products we offer such that we maintain our reputation for quality engineered product."