Tricorn Group, the AIM-quoted tube manufacturers, has revealed that group profit before tax for the full year ended March 31st will be ahead of market expectations.
The news comes after the firm made an 'encouraging' start to the final quarter with demand remaining strong and operational performance continuing to improve. Operating margins in all three of the group's divisions are anticipated to be ahead of first half performance.
The profit before tax figure is before intangible asset amortisation, share based charges and fair value adjustments.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Shares were up 6.87% at 35p in afternoon trading.
NR
