Tristel PLC's (LON:TSTL) shares rose this morning after the disinfectant solutions group said that both its turnover and pretax profit for the year-ended June 2017 are ahead of market expectations.
In a trading update, the AIM-listed firm said turnover for the year was in excess of £20mln, up from £17.1mln in 2016, while pretax profit of at least £4mln was above the £3.3mln recorded in 2016.
READ: Tristel's shares gain as it exceeds first half revenue growth target and lifts dividend
Tristel added: "In the second half, revenue from overseas markets contributed 50% of the Group total compared to 43% in the first half, and for the full year overseas revenue represented 47% of Group revenue - a record level."
The firm's cash balances at end June 2017 were £5.1mln, down from £5.7mln the previous year, and the company has no debt.
Francisco Soler, Tristel's chairman said: "The Company enjoyed a very strong second half with overseas sales continuing to drive progress."
He added: "We are pleased that overseas sales in the year represented almost half of the total and we anticipate that our overseas operations will continue to expand."
In midmorning trading, Tristel shares were up 6.5%, or 14.00p at 227.5p.