Last checked at 17 Apr 2012 07:00
Date: Tuesday 17 April 2012
Immediate Release
Trifast plc
("Trifast" "TR" or "Group")
Trading update
The Board of Trifast issues the following update ahead of the publication of the Group's Preliminary Results for the year ended 31 March 2012, which will be announced on Tuesday 19 June 2012.
The Group has made solid progress in the financial year and as a Board we are comfortable with consensus market forecasts.
Trifast is pleased to report that the integration of Power Steel and Electro-Plating Works Sdn. Bhd. ("PSEP") which the Group acquired at the end of last year is also progressing very well and, over the coming year we expect to see further utilisation of its capacity and capabilities. Since ownership, trading at PSEP has been in line with the Board's expectations.
The Group's business objective remains committed to margin enhancement whilst continuing to focus on maximising growth opportunities through both its transactional and global sales strategy. Despite the uncertainty in the world markets, the Directors are encouraged by the overall progress the enlarged business is making and the opportunities that are presenting themselves.
As a business, we remain confident about our future and the Board look forward to updating shareholders in more detail in June.
Enquiries: | ||
Trifast plc | TooleyStreet Communications Ltd | Arden Partners plc |
Malcolm Diamond MBE, Executive Chairman Jim Barker, Chief Executive Mark Belton, Group Finance Director Telephone: +44 (0) 1825 747366 | IR, Corporate & Media Relations Fiona Tooley Mobile: +44 (0) 7785 703523 Telephone: +44(0) 121 309 0099 | Adrian Trimmings Tel: +44 (0) 20 7614 5900 |
Editors Note:
LSE Ticker: TRI Group website: www.trifast.com
Trifast's trading business TR Fastenings is a leading international manufacturer and distributor of industrial fastenings to the assembly industries, with operations in Europe, the Americas and Asia. For more information, please visit www.trfastenings.com.
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