21st Jul 2016 08:19
LONDON (Alliance News) - Tristel PLC on Thursday said it expects to report profit and revenue growth for its financial year to the end of June and said it will pay a special dividend as it announced the acquisition of its Australian distributor.
The company, which makes infection prevention, contamination control and hygiene products, said pretax profit for the year to June 30 will be at least GBP3.1 million, up 19% from GBP2.6 million the year prior, with revenue growing 11% to GBP17.0 million from GBP15.3 million.
The robust trading drove strong cash generation for the company during the year, and Tristel said it will pay a special dividend of 3.0 pence per share to shareholders, additional to its intention to declare a final dividend for the financial year.
Tristel said it will pay AUD1.4 million to acquire Ashmed Pty Ltd, its distributor in Australia since 2011 for its Tristel Wipes System. Tristel said the acquisition of the Melbourne-based company will improve margins on sales to the Australian hospital market.
Tristel will publish annual results on October 17.
Share in Tristel were up 6.2% to 119.50 pence Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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