June 25 (Reuters) - Van rental company Northgate Plc reported a 17 percent decline in full-year profit as lacklustreconsumer spending in Britain and economic turmoil in Spain tooka toll on vehicle hiring.
Northgate, which rents out vans to engineering, distributionand retail companies in Spain, Britain and the Republic ofIreland, said its current financial year was trading in linewith its expectations.
Underlying pretax profit fell to 49.5 million pounds ($76.22million) in the year ended April, from 59.7 million pounds ayear earlier.
Revenue decreased 14 percent to 609.9 million pounds.