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Tricorn Group
- BY: Andrew Hore |
- POSTED: 04/10/2013 |
Malvern-based engineer Tricorn Group says that its interim revenues will be 15% higher than last year but profit will be slightly below expectations.
House broker Westhouse believes that the second half will be stronger so it is retaining its 2013-14 profit forecast at £1.3m.
In the six months to September 2013, revenues will be around £13.3m. A contribution from the recent US acquisitions and the Chinese facility have offset lower UK aerospace revenues. The shares are trading on 12 times prospective earnings
At 37p a share, down 2.5p, Tricorn is valued at £12.4m.
The interim figures will be released on 3 December.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2013_48.pdf
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