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Tristel

  • BY: Andrew Hore |
  • POSTED: 28/04/2014 |

Infection control products supplier Tristel says that its 2013 -14 profit will be £200,000 higher than forecast.

Management says that profit will be at least £1.5m in the year to June 2014, compared with a previous forecast of £1.3m. The 2014-15 profit forecast has been raised from £1.4m to £1.8m. Cash has improved from 31.5m at the end of 2013 to more than £2.2m.

The share price rose 5p to 53.5p, which values the company at £21.4m. The shares are trading on 12 times 2013-14 earnings, falling to less than ten the following year.

Tristel says that growth is coming from the UK and overseas and across all three main product areas – human healthcare, animal healthcare and contamination control. 

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2014_55.pdf

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