Porvair lifts profit forecasts
Porvair, the filtration and environmental tech group, has lifted its full year profit forecast as its metals filtration business continues to win market share.
Porvair, the filtration and environmental tech group, has lifted its full year profit forecast as its metals filtration business continues to win market share.
The division saw sales 13% ahead of the prior year in the nine months to the end of August, although the growth rate may slow as tougher comparisons kick in for the final quarter.
Microfiltration revenues were 12% ahead during the period as new aerospace programmes and acquisitions drove earnings.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Without giving firm figures, Porvair said profitability by the year's end will be "ahead of market expectations".
Porvair currently has a market cap of £60m and has risen 61% in the last 12 months.
BS
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published
-
State pension errors for mothers - thousands of cases remain unreviewed with underpayments exceeding £500 million
The DWP has made little progress reviewing state pension errors affecting mothers - with only 0.25% of the 194,000 cases looked at. Could you be owed money?
By Kalpana Fitzpatrick Published