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Pin to quick picksTristel Regulatory News (TSTL)

Share Price Information for Tristel (TSTL)

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392.00    2.00 (0.51%)
Bid:
385.00
Ask:
399.00
Spread: 14.00 (3.636%)
Market Cap: £188.15m
TSTL Live PriceLast checked at - London Stock Exchange

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Trading Update

28 Apr 2011 14:08

RNS Number : 6666F
Tristel PLC
28 April 2011
 



 

28th April 2011

Tristel plc

("Tristel" or "the Company")

AIM: TSTL

 

Trading Update

License Delays and Trading Update

Tristel plc, the manufacturer of infection control, contamination control and hygiene products, announces that as a consequence of delays in receipt of the licence to sell its Stella tray system in China and the delay in securing inclusion of its Wipes System on Germany's VAH listing, a substantial portion of revenues originally anticipated to fall in its current financial year will now be deferred to the financial year commencing 1 July 2011. The Company's planned expansion into the Pharmaceutical and Personal Care market with its "Crystel" range of disinfectants and cleaning products has also had a slower start than anticipated.

Whilst the Company is confident that the license delays referred to above will be successfully concluded, it is unlikely that Germany and China will make the positive contribution to the current year's result originally anticipated. Therefore, the Company now anticipates results for the second half will be at least break-even (pre-IFRS 2 charge) delivering a full year pre-tax profit of no less than £433,000.

In line with its expansion plan, the Company has continued to invest in sales and manufacturing infrastructure and the second half result is, therefore, bearing a much enlarged cost base. The Company remains debt free and will continue with its expansion plan as detailed in the interim results. Significant growth is anticipated in 2012 and beyond.

For further information, please contact:

Tristel plc

 

Paul Swinney, Chief Executive

Tel: 01638 721 500

 

 

finnCap

 

Geoff Nash / Charlotte Stranner (Corporate Finance)

Tel: 020 7600 1658

 

 

Walbrook PR

Tel: 020 7933 8780

Paul McManus (Media Enquiries)

Mob: 07917 575 484

 

paul.mcmanus@walbrookpr.com

Paul Cornelius (Investor Enquiries)

DD: 020 7933 8794

 

paul.cornelius@walbrookir.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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