Business
Interim Results
Interim Results.
About this update from Tristel Plc
[{"type":"text","content":"\n Tristel PLC\n19 February 2007\n\n\n\n TRISTEL plc\n\n\n\n INTERIM RESULTS\n\n\n\nTristel plc ('Tristel'), the infection and contamination control business, today\nannounces its interim results for the 26 weeks ended 31 December 2006.\n\n\n\nResults highlights\n\n\n\n • Turnover up 44% to £2.57m (2005: £1.79m)\n • Gross profit up 48% to £1.44m (2005: £0.97m) with the gross margin\n increasing to 56% from 54.4%\n • Operating profit up 31.5% to £0.403m (2005: £0.307m)\n • Pre-tax profit up 23.4% to £0.404m (2005: £0.327m)\n • Interim dividend of 0.35p net per share, a 27% increase\n • Basic EPS 1.19p (2005: 1.03p), a 15.5% increase\n • Balance sheet: Total net assets of £2.115m (31.12.2005: £1.745m)\n • Transfer of manufacture of all group products to a new production facility\n being established in Newmarket\n\n\n\nCommenting on current trading Paul Swinney, Chief Executive of Tristel, said:\n\n\n\n'Our core business of supplying instrument sterilants (in solution and wipe\nform) to United Kingdom hospitals is steady, with much of the increase in first\nhalf turnover being contributed by Tristel Technologies, the company that we\nacquired in June 2006. The integration of Tristel Technologies is complete and\nthe company is making good progress in expanding its activities of legionella\ncontrol in hospitals and contamination control in the food growing and\nprocessing industries. Export sales continued to grow during the period.\n\n\n\nIn acquiring Tristel Technologies we have manufactured products for the first\ntime in our corporate history. With this experience, and in order to gain\ntighter control over our expanding intellectual property portfolio, we have\ntaken the important strategic decision to assume the manufacture of Tristel\nSolutions' products from our contract manufacturer. The acquisition of these\nmanufacturing rights will increase gross margins and earnings once our new\nproduction facility is fully operational, which we anticipate will be in May\n2007.'\n\n\n\nFor further information, please contact:\n\n\nTristel plc Parkgreen Communications Ltd\nPaul Swinney, Chief Executive Paul McManus\nPaul Barnes, Finance Director Ben Knowles\nTel: 01638 721 500 Tel: 020 7479 7933\n Mob: 07980 541 893\nhttp://www.tristel.com [email protected]\n\n\n\n\n\n\nChairman's Statement\n\n\n\...