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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 |
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
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(END) Dow Jones Newswires
April 05, 2019 02:00 ET (06:00 GMT)
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