Porvair plc announced interim management statement results for the nine months to August 31, 2012. For the period, the company reported revenue of 12% higher than in the first nine months of 2011 and profit before tax was well ahead. In the Metals Filtration division sales revenue was 13% ahead of the prior period. In the Microfiltration division sales revenue was 12% ahead of the prior period. Revenue from new aerospace programmes and the beneficial impact on Seal of the acquisitions completed earlier in the year has driven revenue well ahead of the prior period. Net debt continues to be significantly lower than the prior period.

The company's management expects profitability for the full year 2012 to be ahead of current market expectations. It is now expected that the first revenue under the POSCO contract will be recognised in the final quarter of the financial year. The pipeline of further potential major contracts continues to be promising.