© Reuters.
UK disinfectants manufacturer Tristel, with a three-decade-long history, posted record half-year earnings on Monday, exceeding market expectations. The robust revenue growth was attributed to ongoing product sales and a surge in international sales.
In the six months ending June 30, Tristel’s pretax profit soared to £5.1 million ($6.2 million), marking a significant increase from the £1.555 million reported the previous year. The firm’s adjusted pretax profit also surpassed consensus forecasts, rising to £6.2 million from £4.5 million.
Revenue for the same period jumped to £36.0 million, up from £31.1 million, with international sales making up 65% of total sales. The company’s performance underscores its successful expansion into global markets.
Reflecting its strong financial position and cash-generative operations, Tristel’s board recommended a final dividend of 7.88 pence per share. This lifts the total annual dividend to 10.50 pence, demonstrating the company’s commitment to return wealth to shareholders.
The company’s impressive half-year performance is backed by a debt-free balance sheet, further solidifying its financial stability amid ongoing global economic uncertainties.
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