UPDATE 1-Porvair sees beating FY view on strong energy sales

* Sees FY sales up 15 pct; pretax profit well above yr-ago

* Says Q1 order book at satisfactory levels
(Adds details)

Dec 6 (BestGrowthStock) – British filtration specialist Porvair
(PORV.L: ) forecast full-year results above expectations, aided
by strong sales to energy markets, and said its order book for
the current first quarter was at satisfactory levels.

Porvair, which makes filtration and separation equipment
for aviation, energy and environmental technology businesses,
said it expected pretax profit to be well ahead of a year ago,
with revenue up 15 percent at constant exchange rates.

Porvair had revenue of 55.2 million pounds ($87.1 million)
in fiscal 2009.

While the company sees metals filtration sales rising by
more than 20 percent, revenue in its microfiltration unit is
expected to be up about 10 percent.

The company also reduced net borrowings by 30 percent to
below 10 million pounds on strong cash flows.

Porvair shares closed at 91 pence on Friday on the London
Stock Exchange. The stock has gained about 2 percent since the
company said it won an aerospace contract worth up to $40
million in sales from a Parker Hannifin (PH.N: ) unit on Nov.
19.
($1=.6340 Pound)
(Reporting by Aditi Samajpati in Bangalore; Editing by Anne
Pallivathuckal)

UPDATE 1-Porvair sees beating FY view on strong energy sales