Shares digital

Leading marine safety equipment company Cosalt (CSLT) is confident it will continue to grow rapidly this year. Chief executive Per Jonsson plans to buy a further two service stations overseas for around £15 million. This would lift the total to 29, with over half the stations in the UK. ‘Lots of family companies are up for sale so we have a good pipeline of acquisitions,’ says Jonsson. Profits rose 35% to £2.7 million last year and should top £8 million this year.

Shares says: Growth strategy is working well. TD