10th Nov 2015 08:40
LONDON (Alliance News) - Trifast PLC, a manufacturer and distributor of industrial fastenings and category 'C' components, on Tuesday lifted its interim dividend per share by 33% to 0.80 pence, as pretax profit swelled in the first half of its financial year.
Pretax profit increased to GBP7.1 million in the six months to September 30 from GBP4.9 million in the corresponding half the prior year, while revenue grew to GBP78.1 million from GBP74.0 million and administrative expenses fell to GBP13.9 million from GBP14.7 million.
"Overall, taking into account the current business climate we are operating within, the board remains optimistic about the group's prospects and continues to expect its trading for the financial year as a whole to be in line with its expectations," Executive Chairman Malcolm Diamond said in a statement.
Organic growth remains only part of our strategy and we will continue to look for our next strategic acquisition to complement the group's existing global, product and sector footprint," he added.
Shares in Trifast were up 4.9% at 116.40 pence on Tuesday morning.
By Samuel Agini; [email protected]; @samuelagini
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