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.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
-
Reeves urged to axe stamp duty from UK shares held in an ISAChancellor Rachel Reeves is reportedly considering axing stamp duty from UK shares held in stocks and shares ISAs. What could it mean for your portfolio?
-
Family investment companies explained: how the ultra wealthy shield their money from the taxmanWealthy families are increasingly turning to family investment companies to keep more of their money away from HMRC – but what are these arrangements and how do they work?
