- Wednesday, October 16, 2024
Tristel, the U.K. disinfectants maker, has exceeded market expectations with its first-half earnings, fueled by impressive revenue growth and increased overseas sales. The company's performance has allowed it to declare that its current outlook is the strongest it has ever been in its 30-year history.
For the six-month period ending June 30, Tristel recorded a pretax profit of £5.1 million ($6.2 million) compared to £1.555 million from the corresponding period last year. After adjusting for exceptional and other one-off items, the company's adjusted pretax profit rose to £6.2 million from £4.5 million, slightly surpassing consensus forecasts.
Tristel's revenue also witnessed a significant increase, reaching £36.0 million compared to £31.1 million in the previous year. This rise was driven by higher sales from existing products and an augmented contribution from overseas sales, which accounted for 65% of the total sales.
The positive financial results reflect Tristel's strong cash generation and debt-free balance sheet, leading the board to propose a final dividend of 7.88 pence per share. This recommendation brings the total dividend payout for the year to 10.50 pence, up from 9.55 pence previously.
Tristel's achievements demonstrate its resilience and capability to thrive in today's market, making it a promising investment opportunity.
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