Filtrona (LON:FLTR), the company that supplies speciality plastic and fibre products, saw its shares rise by 13% to 222.5p today on news that its performance in the half year to June 30 is expected to be well ahead of management expectations. The company had already signalled that things were going well in the early part of 2010 in an interim statement in April but today said that trading had accelerated even further.

Since the first quarter, revenue growth within the higher margin divisions of Protection & Finishing Products and Porous Technologies is understood to have speeded up, albeit against weaker prior year comparables, and the Coated & Security Products division has also delivered encouraging revenue growth, the company said. Its Filter Products division has also continued to trade in line with first quarter trends.

Filtrona – whose products are used in a wide range of industrial applications and include nylon washers and oilfield pipe protection – related to continuing operations and therefore excluded the North American Plastic Profile & Sheet business which it sold in March 2009. The company said an outlook statement for the full year would be issued on August 26 alongside its interim results.

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