October 17, 2018 / 6:55 AM / 8 months ago

UPDATE 1-UK's Tristel stocks up against Brexit supply disruptions

(Adds quotes, details on results)

Oct 17 (Reuters) - British disinfectant wipes and product maker Tristel will stockpile raw materials and has advised European customers to do likewise with its products in anticipation of problems with deliveries when Britain leaves the European Union.

“Brexit looms. Our response to the uncertainty surrounding this event is to build inventory of all component parts and finished products,” Chief Executive Paul Swinney said in a statement.

“Based upon available advice, we believe that we will be able to CE mark our disinfectants and sell them within Europe irrespective of the outcome of the Brexit negotiation,” Swinney added.

CE marking is the EU’s system of regulatory approval for health- and safety-related products.

The company posted a 19 percent rise in full-year overseas sales to 11.4 million pounds ($15.02 million), and a 15 percent rise in pre-tax profit, before share-based payments, to 4.7 million pounds.

Tristel said pre-tax margin rose to 21 percent from 20 percent a year ago. ($1 = 0.7589 pounds) (Reporting by Justin George Varghese in Bengaluru; Editing by Gopakumar Warrier)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below