Tristel lifts full year forecast

Contamination and infection control products maker Tristel said it expects full year profit to come in ahead of previous forecasts after a strong performance across all of the group's divisions in late June.

Results to 30 June 2012 will now show adjusted pre-tax profits in excess of £700,000. Last month the group said it expected to report an adjusted pre-tax profit of around £650,000.

It also achieved revenues ahead of the level previously indicated in its update on 15 June when it said it anticipated revenue of no less than £10.7m. This followed a strong performance both in the UK and overseas.

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Chief executive Paul Swinney commented: "We are pleased with the progress we are making in establishing direct relationships with the three major national wholesalers who together represent the main distribution route into the UK veterinary market."

At its year-end the company had cash balances of £600,000.

Tristel said it expects to announce its preliminary results for the year to 30 June on 29 October 2012.

CJ