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
-
Barclays begins paying up to £100 compensation to customers after banking outageBarclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
-
Review: Shangri-La Paris – an ode to the world’s best foodNatasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
