Tristel plc (AIM: TSTL) – positive update, results ahead
The AIM quoted manufacturer of infection prevention, contamination control and hygiene products has issued a positive trading update for the year ending 30 June 2015 with results anticipated to be ahead of estimates.
The statement confirmed how the Group has performed ahead of budget in both sales and profit terms over the ten months to 30 April 2015. The strong profit performance can be pinpointed to the Group’s direct operations in the UK, Germany and Australasia. The only disappointing area has been Russia, where management is reviewing future prospects.
Expectations for the current financial year ending June 2015, are for now pre-tax profit (before share-based payments) of not less than £2.5m (2014: £1.8m). Consensus was previously £2.13m
All the hard work of the past few years really seems to be paying off!