21st May 2015 07:39
LONDON (Alliance News) - Tristel PLC on Thursday said it traded ahead of its expectations in the first ten months of its financial year and has raised its pretax profit guidance on the back of the good performance.
The company, which makes infection protection, contamination control and hygiene products, said it has performed ahead of its expectations in the ten months to the end of April, boosted by good performances in the UK, Germany and Australasia which offset some weakness in its Russian business.
As a result, Tristel has increased its pretax profit guidance for the financial year to the end of June to at least GBP2.5 million, compared to GBP1.8 million a year earlier.
"The sales momentum that has built within the business over the course of the past two and a half years is being maintained. Our cost base is well controlled and the organisation is dealing well with the execution of our growth strategy. All of this translates to a record profit to be reported for the year," said Paul Swinney, Tristel's chief executive.
Shares in Tristel were up 10% to 84.95 pence on the news, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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