Tricorn Group PLC Trading Update (1603T)
October 10 2017 - 2:00AM
UK Regulatory
TIDMTCN
RNS Number : 1603T
Tricorn Group PLC
10 October 2017
10 October 2017
Tricorn Group Plc
("Tricorn" or the "Group")
Trading Update
Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation
specialist, provides the following trading update for the six
months ended 30 September 2017 (the "period").
First half revenue is expected to be around 25 per cent. higher
than in the six months ended 30 September 2016 (the "corresponding
period") with both of the Group's divisions benefitting from
improved markets and the impact of new business wins.
Good progress has also been made in China with the Group's joint
venture contributing positively to overall profitability in the
period.
The Board expects adjusted PBT* for the period to be in line
with its expectations and that the results for the year ending 31
March 2018 will be in line with market expectations.
Tricorn will provide a further update on current trading and
prospects at the time of the release of its unaudited interim
results for the six months ended 30 September 2017, which is
expected to be on 6 December 2017.
*All references to PBT are before restructuring costs,
intangible asset amortisation, share based charges, foreign
exchange derivative valuation.
For further information please contact:
Tricorn Group plc
Mike Welburn, Chief Executive Tel +44 (0)1684 569956
Phil Lee, Group Finance www.tricorn.uk.com
Director
Stockdale Securities Limited
Tom Griffiths Tel + 44 (0)20 7601 6100
Henry Willcocks
Notes to Editors:
Tricorn is a value added manufacturer and specialist manipulator
of pipe and tubing assemblies to niche markets worldwide in the
Energy and Transportation sectors.
Headquartered in Malvern, UK, Tricorn employs around 300
employees, has 4 manufacturing facilities in China, USA and UK. It
operates through four brands: Franklin Tubular Products, Malvern
Tubular Components, Maxpower Automotive and Minguang-Tricorn
Tubular Products.
This information is provided by RNS
The company news service from the London Stock Exchange
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