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
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
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
