25 Jan 2017 07:00
25 January 2017
TP Group plc
("TP Group" or the "Company" or the "Group")
Trading Update and Notice of Annual Results
TP Group (AIM: TPG), the specialist services and engineering group, announces the following trading update.
The Board is pleased to report that, following the trading update issued on 14 December 2016, the Group will report results for the financial year ended 31 December 2016 in line with current market expectations.
The Group closed the year with a cash balance ahead of expectations at £9.2m. This is an improvement of £2.2m over the cash balance at the end of 2015.
The Board is confident that the Group can continue its progress in 2017 as it pursues a strong pipeline of future business opportunities alongside a growing order book position.
Notice of results
It is expected that the Group's final results for the year ended 31 December 2016 will be published on Tuesday 4 April 2017.
For further information, please contact:
TP Group plc | Tel: 01753 285 810 |
Phil Cartmell, Chief Executive Officer | |
Derren Stroud, Chief Financial Officer | |
www.tpgroup.uk.com | |
Cenkos | Tel: 020 7397 8980 |
Mark Connelly / Callum Davidson | |
www.cenkos.com | |
Vigo Communications | Tel: 020 7830 9700 |
Jeremy Garcia / Fiona Henson | |
www.vigocomms.com |
Notes to Editors
TP Group designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. The Company's shares have been traded on AIM since July 2001.