Fleet News

LVL profits up 11%

LEX Vehicle Leasing has become one of the most profitable contract hire and leasing companies in the country after announcing its half-year results.

In the first six months, Lex grew its profit before tax to £23.8m from £21.5m, an increase of 11%.

Lex Momentum, its advisory service launched in 2004, was a key factor in the growth.

‘We are very pleased with these results,’ said Jon Walden, Lex’s managing director, ‘They confirm our progress as a business in recent years and, in particular, the value of investments we have made in IT systems, process improvement and in our people.’

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