2nd Jun 2015 07:03
LONDON (Alliance News) - Filtration and environmental technologies company Porvair PLC on Tuesday said it expects underlying revenue growth in line with or ahead of its forecasts in most markets for the first half of 2015.
Underlying revenue for the company excludes proceeds from the large contracts the company secured in 2015, it added. It said those large projects are progressing to plan, but reiterated that large-contract revenue is expected to be lower year-on-year in 2015.
The group has made investments to expand its capacity in the UK and US and said the expansion of its facility in China is on schedule. Porvair said its order book for the second half looks robust.
Shares in Porvair were up 0.4% to 333.00 pence after the open.
By Sam Unsted; [email protected]; @SamUAtAlliance
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