News blog
Tristel
- BY: Andrew Hore |
- POSTED: 28/04/2011 |
Delays in revenue generation mean that Tristel will only breakeven in the six months to June 2011 and this knocked nearly one-fifth off its share price.
The infection and contamination control products supplier says that the licence to sell its Stella tray system in China and the inclusion of its wipes on Germany’s VAH listing have both been delayed so the expected revenues will not come through until 2011-12.
On top of this, sales in the clean room and personal care sectors under the Crystel brand have been slower than expected.
The cost base has increased because of investment in sales and manufacturing.
Revenues increased 13% to £4.57m in the six months to December 2010. Pre-tax profit declined by one-third to £433,000 and the full year outcome should be similar. House broker FinnCap had forecast a profit of £1.9m for the year to June 2011.
Net cash was £1.05m at the end of 2010.
At 40p a share, down 9p, Tristel is valued at £16m.
Download the April edition of AIM Journal at http://www.hubinvest.com/AIMPDFApril2011_19.pdf
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