LONDON (Alliance News) - Tricorn Group PLC on Friday said it expects its pretax loss for the year to the end of March to be slightly better than market expectations, with revenue set to be in line and broadly flat year-on-year.
The tube manipulation company said second-half revenue in its transportation business improved against the first half, with stronger performances in the US and China offsetting weaker demand in the UK. Energy division revenue is expected to be improved year-on-year, Tricorn said.
It expects its adjusted pretax loss for the year, before restructuring costs and foreign exchange translation, to be slightly better than market expectations.
Tricorn shares were untraded Friday morning, having last traded at 16.15 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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