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Tristel

  • BY: Andrew Hore |
  • POSTED: 06/10/2008 |

Tristel benefited from the expansion of its manufacturing facility last year.

The infection and contamination control products supplier has taken on the manufacturing of its own products. The company is widening its range of products, which are based on chlorine dioxide. This includes disinfection of ultrasound equipment and equipment related to IVF.

Revenues grew 16% to £5.96m, while underlying profits improved from £1.17m to £1.25m in the year to June 2008. Export sales grew 73% but they are 5% of total revenues.

Administrative costs have risen during the year and this has held back profits growth. These costs should not have to increase significantly if more revenue is added so profits should rise more quickly in the future.

The final dividend is 1.165p a share, taking the total dividend for the year to 1.55p (1.35p) a share.

Tristel shares improved 0.5p to 39.5p each, which values the company at £10.6m.

Daniel Stewart forecasts a rise in profits to £1.8m in the year to June 2009. That puts the shares on less than none times forecast earnings for 2008-09.

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