Trifast, the East Sussex-based company which specialises in the manufacture and distribution of mechanical fasteners for various industries, is on track to achieve “another record-breaking financial year” following six months of strong trading.
The listed group posted revenue of £89.7m for the six months to 30 September 2016, an increase of almost 15 per cent from £78.1m in the first half of its previous financial year.
Underlying pre-tax profits grew by more than 20 per cent to £9.9m for the half-year, driven by “strong underlying trading growth”.
As a result of the profit growth, Trifast has declared an interim dividend of 1p per share, an increase of 25 per cent from the previous year.
“HY2017 has seen another six months of strong trading, putting us firmly on track with our expectations to achieve another record breaking financial year,” executive chairman Malcolm Diamond said. (…)
via Trifast on track for record-breaking year | Insider Media Ltd.