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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 494.42

+3.8%

Jan 28 4:00 PM EST

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To: Cogito Ergo Sum who wrote (28765)	1/29/2008 9:01:00 PM
From: elmatador	Read Replies (1) of 219855

Exactly the trends we should keep watching. Dollar weakness benefits Porvair By David Blackwell Published: January 30 2008 02:00 \| Last updated: January 30 2008 02:00 Porvair, the materials specialist that makes more than half of its sales in the US, reported a 10 per cent increase in pre-tax profits to £3.4m in spite of a decline in total sales from £46.2m to £45.5m in the year to November. In dollar terms, sales at the North Carolina-based metals filtration arm were 8 per cent higher at $38.6m (£19.4m) following a restructuring. Ben Stocks, chief executive, said dollar weakness had had a beneficial effect on exports from the US to markets such as Canada, Europe and Latin America. At the same time the company was poised to benefit from a new filter that would cut waste in the production of turbine blades, and the first improved filter for the aluminium industry for 25 years. Altium, the company's broker, is forecasting pre-tax profits of £4.2m on sales of £49.1m this year. The shares, which have fallen from 148½p at the beginning of last year, closed up 4½p at 109p. David Blackwell

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