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IN BRIEF: Porvair Revenue Down But "Remains Profitable"

22nd Sep 2020 19:27

Porvair PLC - King's Lynn, Norfolk-based filtration and environmental technology - Says revenue in nine months to August 31, down 2.5% annually. Porvair "remains profitable and cash generative". "Order books are showing year-on-year declines in the Aerospace & Industrial and Metal Melt Quality divisions, where costs have been cut commensurately. Orders in the Laboratory division for the balance of 2020 and into 2021 are sharply higher," company adds.

Current stock price: 502.00 pence

Year-to-date change: up 25%

By Eric Cunha; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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