Porvair trading ahead of last year
By BFN News | 12:43 PM | Wednesday 11 April, 2012
Porvair, the specialist filtration and environmental technology group, has made a good start to the 2012 financial year.
In the four months to 31 March 2012, revenues were around 12% ahead of the same period in the prior year and profit before tax is ahead of management's expectations and the prior period.
Order books have strengthened throughout the period and the outlook for the coming months is encouraging.
In the Metals Filtration division sales revenue was 15% higher than the same period in the prior year and margins continue to improve. In the Microfiltration division sales revenues were 10% ahead of the same period in the prior year.
Revenue from aerospace grew by 22% and the order book strengthened throughout the period. Seal Analytical revenues are ahead of the prior year and the block digester product line acquired in December has already been integrated into the existing US operations.
At 12:43pm: (LON:PRV) Porvair share price was +3.5p at 114.5p
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