Porvair PLC - Hampshire, England-based manufacturer focused on filtration and separation technology - Posts an 18% rise in pretax profit in the six months ended May 31 to £11.2 million from £9.5 million the year prior. Revenue rises 10% to £90.6 million from £82.3 million the year before. Declares an interim dividend rise to 2.0 pence per share from 1.9p the year before.
‘This is a record set of results for the half-year and shows the group performing well overall, despite inconsistency of demand across markets served,’ said Chief Executive Ben Stocks.
‘Looking ahead, while noting the inconsistent order patterns pose risks to forecasting, the board expects the group’s full year result to be ahead of that for 2022. The board expects the momentum of this strong start to 2023 will carry through to a satisfactory conclusion to the year and views the longer-term with confidence.’
Current trading share: 664.00 pence, up 4.7%
12-month change: up 11%
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