Porvair profits slightly ahead of market forecasts
By Benjamin Chiou
Date: Tuesday 10 Dec 2024
(Sharecast News) - Porvair, the specialist filtration, laboratory and environmental technology businesses, has revealed that full-year profits should be "marginally" ahead of market expectations.
The group said in a trading update on Tuesday that it expects revenue for the year to 30 November to be around 9% higher than last year, or 13% higher at constant currency.
Meanwhile, adjusted earnings per share marginally ahead of market expectations, while net cash at the end of the fiscal year was £14m, more or less flat on last year.
The company reported in July that first-half adjusted earnings per share were down 4% year-on-year at 19.5p.
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