News blog
Tricorn Group
- BY: Andrew Hore |
- POSTED: 04/09/2012 |
Aerospace demand continues to grow for Tricorn Group but there is weaker demand elsewhere in the second quarter of 2012.
The Tricorn share price fell nearly 10% to 31p, valuing the engineer at £10.4m.
The transportation sector has been particularly weak in recent times. Last year, transportation made an operating profit of £767,000 on revenues of £8.68m. Aerospace returned to profit last year but it still made a modest contribution and its revenues were little more than one-fifth of the group total of £24.7m.
Tricorn is moving forward with the opening of its facility in China.
A trading update will be published on 3 October.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2012_35.pdf
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