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TCN Tricorn Group Plc

4.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tricorn Group Plc LSE:TCN London Ordinary Share GB0009716340 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Tricorn Group PLC Trading Update (2119V)

05/04/2019 7:00am

UK Regulatory


Tricorn (LSE:TCN)
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From Apr 2019 to Apr 2024

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TIDMTCN

RNS Number : 2119V

Tricorn Group PLC

05 April 2019

5 April 2019

Tricorn Group Plc

("Tricorn", the "Company" or the "Group")

Trading Update

Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation specialist, provides the following pre-close trading update for the financial year ended 31 March 2019 (the "Year").

Revenue for the Year is expected to be around 2.5 per cent. ahead of the previous year. New business growth in the Transportation division more than offset the reduction in revenue in the Energy division which, as anticipated, saw significantly lower demand from the power generation rental sector. The Company's joint venture in China continues to perform well.

Adjusted PBT* for the Group is expected to be around 30 per cent. up on the previous year.

Tricorn will provide a further update on current trading and prospects at the time of the release of its audited full year results, which is expected to be on 3 June 2019.

*All references to PBT are before intangible asset amortisation, share based charges and 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 Director         www.tricorn.uk.com 
 
 Shore Capital 
 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

TSTZMGGDNDZGLZM

(END) Dow Jones Newswires

April 05, 2019 02:00 ET (06:00 GMT)

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