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Tristel

  • BY: Andrew Hore |
  • POSTED: 10/06/2014 |

Infection control products supplier Tristel has issued a positive trading statement that has led to the fourth forecast upgrade in 2014.

The 2013-14 forecast has been raised from £1.5m to £1.8m, up from £475,000 in 2012-13, thanks to higher gross margins. That figures was the original forecast for the year to June 2015 and this has been raised to £2.3m.

The expectation for the dividend has been raised from 1.4p a share to 1.6p a share.

Sales are growing in each of the three divisions - human healthcare, animal healthcare and contamination control. Costs are stable so the improved margins are having a significant effect on profit.

At 75.5p a share, up 11p, Tristel is valued at £30.8m. The shares are trading on 24 times 2013-14 prospective earnings, falling to 18 in 2014-15. 

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