31st Jul 2014 15:43
LONDON (Alliance News) - Industrial fastenings business Trifast PLC Thursday said it is currently trading in line with expectations and remains confident that it can deliver another strong performance for the year to March 2015.
Last month, West Midlands-based Trifast posted pretax profit of GBP9.4 million for the year ended March 31, up from GBP7.2 million a year earlier, as revenue rose to GBP129.8 million from GBP121.5 million. It saw growth in all its geographical areas, apart from Asia where revenue dipped 1.3% to GBP38.4 million from GBP38.9 million.
"The board look forward to updating stakeholders further at the Annual General Meeting in September," the company said Thursday.
Trifast shares closed up 1.8% at 113.50 pence Thursday.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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