Solid trading at Trifast

Mechanical fasteners maker Trifast said overall, trading has been solid and encouraging with organic revenue in the third quarter slightly ahead of the same period a year earlier.

Mechanical fasteners maker Trifast said overall, trading has been solid and encouraging with organic revenue in the third quarter slightly ahead of the same period a year earlier.

The Birmingham based group said profitability is on track to meet market expectations to March 31st 2013 and it is optimistic of further growth.

Trifast, whose financial position has been boosted by the acquisition of Malaysian rival PSEP in November last year, said its integration is going well.

The group, which generates around 60% of its sales from outside the UK, said TR Asia, the group's best performer, could benefit from further streamlining and realignment of responsibilities within the operational team.

"TR could deliver additional cost initiatives and 'self-help' objectives set as part of the new three-year strategy plan unveiled last year," it explained.

Otherwise Trifast said it remains optimistic for 2013 and beyond with regard to the group's structure and further improving organic profitability.

"Ccombined with new business expansion opportunities, the management feel fully confident in their ability to deliver a satisfactory result at the year end."

CJ

Recommended

HubSpot: a tech stock set to tumble
Trading

HubSpot: a tech stock set to tumble

US tech stocks have had a fantastic couple of years. But this year is unlikely to be so bullish for high-fliers that can’t turn big profits.
18 Jan 2022
How to be better at selling stocks
Investment strategy

How to be better at selling stocks

There is plenty of advice around about buying stocks, but not so much about when you should sell. John Stepek explains the two key things to know abou…
14 Jan 2022
Share tips of the week – 14 January
Share tips

Share tips of the week – 14 January

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
14 Jan 2022
Fintech: how to profit as technology transforms banking around the world
Share tips

Fintech: how to profit as technology transforms banking around the world

Financial technology – from apps to APIs to the cloud – is rapidly transforming financial services. This will spell doom for some incumbent firms, whi…
14 Jan 2022

Most Popular

Five unexpected events that could shock the markets in 2022
Stockmarkets

Five unexpected events that could shock the markets in 2022

Forget Covid-19 – it’s the unexpected twists that will rattle markets in 2022, says Matthew Lynn. Here are five possibilities
31 Dec 2021
US inflation is at its highest since 1982. Why aren’t markets panicking?
Inflation

US inflation is at its highest since 1982. Why aren’t markets panicking?

US inflation is at 7% – the last time it was this high interest rates were at 14%. But instead of panicking, markets just shrugged. John Stepek explai…
13 Jan 2022
Tech stocks teeter as US Treasury bond yields rise
Tech stocks

Tech stocks teeter as US Treasury bond yields rise

The realisation that central banks are about to tighten their monetary policies caused a sell-off in the tech-heavy Nasdaq stock index and the biggest…
14 Jan 2022