News blog
Tricorn Group
- BY: Andrew Hore |
- POSTED: 28/02/2012 |
House broker Westhouse has upgraded its profit forecast for engineer Tricorn Group following a positive trading statement.
Operating margins are improving in all three divisions of the company. Westhouse has increased its profit forecast for the year to March 2012 from £1.45m to £1.54m on unchanged revenue forecast of £24.6m. The underlying 2010-11 profit was £1.07m.
Next year’s profit forecast has been edged up from £1.65m to £1.68m.
At 35p a share, up 2.25p, Tricorn is valued at £11.7m.
A further trading update is due to be published on 3 April.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFFebruary2012_29.pdf
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