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Porvair PLC - King’s Lynn, England-based environmental and specialist filtration technology company - In the six months ended May 31, revenue rises to £94.6 million from £90.6 million a year earlier. However, pretax profit falls to £11.5 million from £11.8 million. Says finance costs increased to 1.0 million from £437,000. Pays out interim dividend of 2.1 pence, down from 2.0p. ‘2024 is unfolding as expected. Over the first six months, strength in aerospace and petrochemical markets, helped by the benefit of 2024 acquisitions, has offset weakness in industrial and laboratory consumables and foreign exchange headwinds. This has been in line with management expectations,’ says Chief Executive Ben Stocks. ‘The trading outlook for the second half of the year is positive. Order books across the Group are strengthening with lead times now returned to more traditional levels. The benefits of the 2023 acquisitions continue to come through, and several larger petrochemical orders will start to ship towards the end of the year.’ Current stock price: 644.08 pence, down 2.4% in London on Monday morning 12-month change: up 0.6% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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