Revenues for the full year ended 30 November 2013, at constant exchange rates, are 10% up on a year ago.
The Microfiltration division’s revenues are 16% higher than last year, helped by significant activity on the POSCO, Reliance Industries and UK Government contracts. Seal Analytical has also traded well, while Thomas Cain, which was acquired in September 2013, is trading as expected and has made a positive contribution to Seal’s performance.
Trading in the Metals Filtration division improved in the second half, after a quieter first half, and revenues for the full year are in line with last year. The new plant in Xiaogan, China, has been completed on time and budget and production has started.
Porvair will announce its preliminary results for the year ended 30 November 2013 on 27 January 2014.