Profit down but Tristel is upbeat

TRISTEL, which specialises in infection and contamination control, said yesterday its full year pre-tax profits had fallen, but that trading in the three months to September were ahead of expectations.

Profit at the group fell to £508,000 from £1.7m in 2010, but turnover rose six per cent to £9.29m.

Tristel, which raised equity of £3.9m in November 2010, said it is now debt free and has cash of £441,000 compared to net debt of £270,000 in 2010. The firm’s shares fell five per cent yesterday.