Search

Outlook ‘positive’ for King’s Lynn-based Porvair as profits rise by 27pc

PUBLISHED: 11:33 23 June 2014 | UPDATED: 11:33 23 June 2014

Ben Stocks chief executive of Porvair, King's Lynn.

Ben Stocks chief executive of Porvair, King's Lynn.

King’s Lynn-based Porvair today reported a 27pc increase in pre-tax profits to £3.8m.

The filtration specialists noted that large contracts were “running smoothly and contributing significantly to revenue growth”. Revenues grew 32pc to £51m up from £38.6m in 2013, while in its metals filtration business the EDP Top100 firm said that market share from patented products was continuing to drive growth.

Ben Stocks, chief executive, said: “Porvair’s strategic direction and operating objectives are unchanged and continue to deliver good results.

“We focus on niche markets which have structural growth drivers. 2014 has started strongly, and order books are healthy across the Group. The revenue benefits of previously announced large contracts are showing through with underlying growth also healthy. We continue to invest in US and UK capacity expansion and new product development. There is considerable opportunity in the Porvair businesses. The Board’s outlook remains positive.”

Search hundreds of local jobs at Jobs24

comments powered by Disqus
Management Jobs

Show Job Lists

Newsletter Sign Up

Sign up to receive our regular email newsletter

Insight

Dr Belinda Clarke wants to be a “catalyst” to turn science and technology innovations into useful tools for the food and farming industries. She told CHRIS HILL how this drove her leadership of Agri-Tech East, winner of an EDP Business Award.

Simon Innes had more than 15 years of retail management experience when he joined CVS Group in 2004 and has since steered the company
to national success and an EDP Business Award. He told BETHANY WHYMARK about the company’s growing dominance in the animal care sector.

Green 100

cover

Enjoy the Green 100
digital edition

Read
0

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented