The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTrifast Share News (TRI)

Share Price Information for Trifast (TRI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 73.00
Bid: 74.00
Ask: 77.80
Change: -2.40 (-3.18%)
Spread: 3.80 (5.135%)
Open: 74.00
High: 74.00
Low: 73.00
Prev. Close: 75.40
TRI Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Trifast swings to annual loss, outlook "remains challenging"

Tue, 11th Jul 2023 10:45

Trifast PLC - Uckfield, England-based industrial fastenings firm - Swings to a loss of GBP2.7 million in the year ended March 31 from a pretax profit of GBP10.6 million the prior year. Trifast says this was due to investments in overheads related to recruitment, with Project Atlas BAU costs as well as inflationary cost impacts increasing overhead levels. The company says it has commenced a strategic review to deliver savings of more than GBP5.0 million per year. Revenue rises 9.1% on a constant currency basis to GBP238.5 million from GBP218.6 million. Posts final dividend of 1.50 pence per share, up 7.1% from prior year 1.40p.

"As we said in April's update, the group's business foundations remain strong, and there is significant potential to be realised during the coming years. We are also mindful that the short-term macro-economic outlook remains challenging," says Interim Chief Executive Officer Scott Mac Meekin.

Current trading share: 75.60 pence, down 1.8% in London

12-month change: down 17%

By Will Neill, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
24 Feb 2022 19:14

TRADING UPDATES: Victorian Plumbing margin warning; Amigo in profit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
23 Nov 2021 14:37

TRADING UPDATES: Trifast resumes payout; Bezant agrees facility

TRADING UPDATES: Trifast resumes payout; Bezant agrees facility

Read more
16 Nov 2021 16:09

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
21 Oct 2021 12:46

TRADING UPDATES: Attraqt wins new deals; Trifast outlook confident

TRADING UPDATES: Attraqt wins new deals; Trifast outlook confident

Read more
21 Oct 2021 11:11

SMALL-CAP WINNERS & LOSERS: Luceco backs full-year profit guidance

SMALL-CAP WINNERS & LOSERS: Luceco backs full-year profit guidance

Read more
14 Oct 2021 16:08

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
8 Oct 2021 16:05

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
9 Sep 2021 16:00

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
1 Sep 2021 14:33

TRADING UPDATES: Trifast buys in US; Eckoh trading meets expectations

TRADING UPDATES: Trifast buys in US; Eckoh trading meets expectations

Read more
1 Sep 2021 10:43

SMALL-CAP WINNERS & LOSERS: Henry Boot on front foot after funding

SMALL-CAP WINNERS & LOSERS: Henry Boot on front foot after funding

Read more
28 Jul 2021 18:07

TRADING UPDATES: United Oil & Gas in North Sea sale; Trifast confident

TRADING UPDATES: United Oil & Gas in North Sea sale; Trifast confident

Read more
21 Jul 2021 16:11

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
21 Jul 2021 11:56

Wednesday broker round-up

(Sharecast News) - Morgan Advanced Materials: Liberum starts at 'buy' with 470.0p target price.

Read more
21 Jul 2021 09:45

BROKER RATINGS: Compass gets upgrade while Avast cut to Neutral

BROKER RATINGS: Compass gets upgrade while Avast cut to Neutral

Read more
22 Jun 2021 11:44

TRADING UPDATES: MS International, Novacyt both post swing to profit

TRADING UPDATES: MS International, Novacyt both post swing to profit

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.