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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Porvair Plc | LSE:PRV | London | Ordinary Share | GB0006963689 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.00 | -0.33% | 612.00 | 612.00 | 614.00 | 620.00 | 612.00 | 620.00 | 93,184 | 16:15:26 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Chemicals & Chem Preps, Nec | 176.01M | 15.97M | 0.3445 | 17.76 | 283.67M |
TIDMPRV
RNS Number : 8668O
Porvair PLC
02 June 2015
For immediate release 2 June 2015
Porvair plc
("Porvair" or "The Group")
Trading Update
Porvair, the specialist filtration and environmental technologies group, today issues a trading update ahead of the publication of its interim results for the six months ended 31 May 2015 on Monday 29 June 2015.
The Group expects to report underlying revenue growth with demand at or ahead of expectations in most markets. Interim profits will be ahead of those reported in 2014. Net cash at 31 May 2015 will be GBP7m higher than at 31 May 2014. As previously reported, underlying revenues exclude proceeds from the large contracts recorded in 2014.
The large projects continue to progress smoothly with further work in the pipeline. As expected, revenues from the large projects will be lower than the prior year.
Investments have been made to complete and open new plants in the UK and USA. The expansion of the China facility continues on schedule and to budget. Order books for the second half are healthy.
An analyst briefing will be held at 9.30 a.m. at Buchanan, 107 Cheapside, London, EC2V 6DN on the day of the interim results, Monday 29 June 2015.
For more information, contact:
Porvair plc Ben Stocks, Chief Executive 01553 765 500 Chris Tyler, Group Finance Director 01553 765 500 Buchanan 0207 466 5000 Charles Ryland / Stephanie Watson
Notes to Editors
Porvair is a group of specialist filtration and environmental technology businesses. Its businesses design and manufacture a range of bespoke consumable filtration products that are used in a range of niche filtration markets. Its principal markets are aviation, energy and industrial process, environmental laboratories and non-ferrous metals.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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