22nd Jan 2014 08:36
LONDON (Alliance News) - Shares in Tristel rose 16% Wednesday morning after it said it expects to report revenue and pretax profit ahead of previously upgraded expectations for the six months ended December 31, 2013.
The biotechnology company said it had seen a strong first half and expects revenue to be over GBP6.4 million, up from GBP4.4 million in the previous year.
The company expects pretax profit to be in excess of GBP700,000, swinging up from an adjusted pretax loss of GBP600,000 in the previous year.
Tristel expressed its confidence for the second half of the year and beyond. It will announce its interim results on March 3.
Shares in Tristel were trading up 16% at 52.70 pence early Wednesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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