Speedy Hire PLC (LSE:SDY) shares fell more than 6% on Thursday after the hiring company reported a fall in revenues and profit.
The London-listed company penned a 2.4% decrease in revenue to £203.6 million for the six months ending 30 September.
Adjusted profit before tax fell significantly to just £400,000, representing a year-on-year decrease of £5.5 million.
Chief executive Dan Evans stated: "We have delivered resilient results for the first half of FY2025 against a challenging but manageable market backdrop, whilst maintaining investment in our Velocity strategy.
“The second half has started well with hire revenues for October and November to date, up c.3% on this time last year."
Shares were swapping for 26.25p at the time of writing.