LONDON (Alliance News) - Tristel PLC Monday reported a rise in pretax profit for its recently ended financial year, boosted by rising sales in overseas markets, and proposed a much improved dividend.
Tristel provides infection prevention and contamination control products for humans and animals.
For the year to end-June the company reported a pretax profit of GBP2.6 million, up from GBP1.8 million a year before, as revenue rose to GBP15.3 million from GBP13.5 million.
The company proposed a final dividend of 2.135 pence, and combined with its interim dividend and special dividend of 3 pence, its total dividend for the year was 5.72 pence, up from 1.62 pence the year before.
"Tristel performed strongly during the year, growing its presence in the out-patients area of the hospital which we target with our high performance chlorine dioxide disinfectants. This performance was achieved both in the UK and overseas, with overseas sales now contributing 36% of the Group total. We are pursuing regulatory approvals for a wide selection of Tristel products in over ten countries to continue the international expansion of our business, and the outlook for the group remains very promising," said Chief Executive Paul Swinney in a statement.
Shares in Tristel were up 6.2% at 112.00 pence Monday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Tristel (TSTL)