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

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

Monday, June 23, 2014
11:33 AM

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

To send a link to this page to a friend, you must be logged in.

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.”

0 comments

Comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Eastern Daily Press visitors.


We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Eastern Daily Press staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Forgotten your password?


Not a member yet?

Register to create your own unique Eastern Daily Press account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

ADVERTISEMENT

ADVERTISEMENT

Most read business stories

File photo dated 27/02/13 of Tesco's Chief Executive Philip Clarke who is to step down in October. PRESS ASSOCIATION Photo. Issue date: Monday July 21, 2014. See PA story CITY Tesco. Photo credit should read: Rui Vieira/PA Wire

Update: ‘Outsider’ hope for troubled Tesco as Clarke departs

Tesco ditched beleaguered chief executive Philip Clarke today as it recruited an outsider from consumer goods giant Unilever to try to restore its fortunes.

Read full story »

loading...

ADVERTISEMENT

ADVERTISEMENT