Infection prevention and contamination control products manufacturer Tristel today further lifted its forecast for annual profits as its strong start to the second half of the year continued.

To send a link to this page to a friend, you must be logged in.

Tristel, based at Snailwell, near Newmarket, said at the start of March that all three sectors of its business − human healthcare, animal healthcare and contamination control − were performing well.

And in a trading update today, the company it was “now confident that the momentum evident throughout the first half will continue through to the end of the financial year and beyond, resulting in pre-tax profit for the year to June 30 2014 of no less than £1.5million.”

This figure is ahead of previous market expectations and compares with a pre-tax profit of £400,000 for the previous year, adjusted for one-off charges of £2.2m.

Tristel added yesterday that its balance sheet also continued to strengthen, with cash balances now exceeding £2.2m, compared with £1.5m as of December 31, 2013.

Chief executive Paul Swinney said: “The momentum that we have built since the beginning of 2013 is gathering pace both in the UK and overseas markets and across all three product portfolios.

“Over the past three years the business has undergone a transformation to focus upon innovative consumable products which are essential within the healthcare setting. One recent success has been our inclusion in the NHS Scotland framework agreement for surface disinfectant products.”

Broker finnCap today lifted its forecasts for pre-tax profits at Tristel for both 2014 and 2015.

from £1.3m to £1.5m and from £1.4m to £1.8m respectively, and raised its price target for the company’s shares to 63p, from 52p.

0 comments

Comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.


We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Forgotten your password?


Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

ADVERTISEMENT

ADVERTISEMENT

loading...

ADVERTISEMENT

ADVERTISEMENT