The result represents a 229 per cent increase on profits made during the previous financial year and is attributed to spending on IT, compliance and marketing.
Mark Leaper, managing director of Vesta, said: “We have put major investments into streamlining our IT systems so that we can supply industry-leading service levels to customers and into creating a strong web-presence. In the area of compliance, instead of approaching it with reluctance, we have embraced it and used it as an opportunity to move ahead of the competition. The return from these investments is a steadily increasing customer base and spectacular sales gains.”
Mr Leaper disclosed that sales growth was continuing at Vesta and that he expected 2006 to be as buoyant a trading year for the company.
He added: “2006 is turning out to be just as exciting as last year. The first quarter saw another improvement in sales on the same period last year, so I am hopeful of another bumper year for the Vesta brand.”
