Porvair profits beat board’s forecast
Porvair, the specialist filtration and environmental technologies group based in King’s Lynn, says pre-tax profit for the nine months to August 31 was ahead of management expectations.
CEO Ben Stocks (above) said the company continued to make good progress in the period, achieving revenue growth of eight per cent.
Underlying revenue was 13 per cent ahead of the prior period. Aerospace, US industrial, Seal Analytical and Aluminium filtration continued to perform well.
Net cash at August 31 was close to £4 million – £2m down on the previous year.