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Porvair confident of improved interim profits

By BFN News | 09:58 AM | Thursday 24 May, 2012


Porvair has started 2012 well and expects to report interim profits well ahead of 2011. Microfiltration and Metals Filtration have both grown strongly and Group revenue is expected to be over 10% above the first six months of 2011 at constant currency rates. Order books and the pipeline of potential projects are encouraging in Microfiltration and market share gains have been made in Metals Filtration. Operating cash generation has continued to be healthy. During the first half of 2012, The Group has invested £3.4m in the acquisitions of Pulse Instrumentation, Pell Industries and the Block Digester business of Aim Laboratories. These have all been successfully integrated into the Group's existing operations and are trading well. At 9:58am: (LON:PRV) Porvair share price was +4p at 121p Story provided by StockMarketWire.com