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Porvair swings to interim loss
22nd Jun 2009 08:01
Industrial filter maker Porvair swung to a half-year loss, due mainly to redundancy costs in the US, but said it believes it will prosper when conditions improve. The loss before tax was £0.6m in the six month ended 31 May compared with a profit of £1.9m last time. Revenues were up 5% to £27m. The
Read morePorvair warns of interim loss
7th Apr 2009 08:32
Porvair lost more than a quarter of its value Tuesday after the industrial filter maker warned it is likely to report a first-half loss due mainly to redundancy costs in the US. Business was good in the UK and Europe during the four months ended 31 March, said the firm, but a deterioration in US tr
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