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Medical technology & services

Tristel up 9% after better-than-expected trading update

Shares in Tristel PLC (AIM:TSTL) rose 9% after the company reported higher-than-expected revenues for the year ending June 30.

The manufacturer of infection prevention products said revenues increased by 16.4% to £41.9 million, adding that it expected adjusted profit before tax of no less than £8 million, a 29% rise from last year's £6.2 million.

The company remains debt-free and continues to generate cash, with its bank balances climbing to £11.6 million from £9.5 million the previous year.

In early trading, the stock was up 39.8p at 489.8p.

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