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Clyde Process Solutions

  • BY: Andrew Hore |
  • POSTED: 25/02/2010 |

Pneumatic conveying and air filtration equipment Clyde Process Solutions says that trading is in line with expectations.

The order book has fallen from £24.5m to £19.5m over the 12 months to January 2010 but management says that there are sales prospects that could come through in the coming months. Management does admit that there is still uncertainty about the timing of capital expenditure.

House broker Arden forecasts a profit of £3.97m for the year to February 2010. Most of that profit was made in the first half.

At 53p a share, down 2p on the day, Clyde is valued at £21.4m. The share price has risen by nearly 150% over the past year.

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