Today's brief trading update summarises the Group's nine months to 31 August.
Companies: Porvair plc
Porvair (LON: PRV) has today released a brief trading update outlining the Group's recent performance, with has sent shares up 10% in this morning's trading.
The Group, who develop and manufacturer filtration systems for industries such as aviation and energy reported Revenue growth of 8% in Q3, inline with their interims, while PBT was ahead of market expectations.
Underling Revenue was 13% ahead of the period on a cc basis, of which 5% was contributed by the recently acquired J G Finneran Associates.
Net Cash at 31 August was £4m versus £6m at the same time in 2016.
PRV currently trades with a market cap of £207m, with a PE ratio of 24x versus the industry median of 14x.
Revenues have grown steadily in the five years to 2016 as Net Profit also continued on a gradual upward slope.
Share prices grew exponentially since 2012 to currently trade at 485p. Shares in the niche filtration company reached an all-time high of 555p in May this year.
