See on Scoop.it – Fastener news
LONDON (SHARECAST) – Mechanical fasteners maker Trifast has delivered a 10.5 per cent jump in half year revenue, with growth coming from the acquisition of Power Steel and Electro-Plating Work.
The mechanical fasteners maker firm saw revenues climb from £55.44m to £61.25m in the six months ended September 30th, contributing to underlying pre-tax profit of £3.39m, up from £2.13m the same period the previous year. Basic earnings per share totalled 2.28p, compared to 1.77p the same period in 2011 and 1.68p the previous half.
The group’s underlying EBITDA (earnings before interest tax, depreciation and amortisation) increased to £4.60m (HY 2012: £3.06m) and represents 7.5% of (…)
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