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Porvair's record

25 January 2016 07:25

Porvair said its FY pretax profit rose 9% to record GBP9.2m, from GBP8.4m. Final dividend was 22p a share, up 10% on the year.

CEO Ben Stocks said 2015 finished with a strong final quarter and healthy order books.

"Over the last two years significant investments have been made in capacity with new production lines being brought into operation. A promising new product development pipeline offers plenty of opportunity for organic growth.

"The two recent acquisitions should start to contribute in 2016. The Group is in a strong financial position and a good start has been made to the year."

OUTLOOK

· Healthy order position going into 2016.

· Further capital investment planned to allow for further organic growth.

· TEM acquired in December 2015 to expand into specialist filtration in microelectronics.

Story provided by StockMarketWire.com

Related Company: PRV

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