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Tricorn Group
- BY: Andrew Hore |
- POSTED: 05/10/2011 |
Engineer Tricorn Group says that its interim revenues will be more than 20% higher thanks to strong international demand.
Two-thirds of Tricorn’s output is for overseas use. All of the divisions have improved their sales on both the first and second halves of last year and operating margins continue to rise. The aerospace division has shown the most improvement in terms of margin.
The underlying profit for the six months to September 2011 will be higher than the second half of the previous financial year and this will be the fourth consecutive period of profit growth. This profit will be in line with expectations.
The interims will be published on 5 December.
At 28.25p a share, Tricorn is valued at £9.43m.
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