LONDON (Alliance News) - Tricorn Group PLC said Wednesday it expects its interim adjusted pretax profit to be "significantly ahead" of last year, while revenue is forecast in line.
However, shares in the company were down 7.7%, trading at 30.00 pence each following the announcement.
For the six months ended September 30, the tube manufacturer said revenue is expected in line with the comparative year-ago period and 6% higher than the second half of its previous financial year ended March.
For the financial first half ended September 2017, revenue came in at GBP11.4 million and pretax profit at GBP256,000.
Looking ahead, on the back of its focus on improving operational performance, the company said it expects results for the year ending March 2019 to be in line with market expectations.
Tricorn will publish its interim results on December 5.