Business
Annual results - 31 March 2023 - Annual Report
Annual results - 31 March 2023 - Annual Report.
About this update from Trifast Plc
[{"type":"text","content":"\n\nTuesday, 11 July 2023 07.00hrs\n \n \nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \nTrifast plc\n(Trifast, TR or the Company)\n \nAnnual results for the year ended 31 March 2023\nPublication of the 2023 Annual report and financial statements\n \nTrifast publishes the Group's audited Annual report and Financial statements for the year ended 31 March 2023. The following information contained within this announcement is a summary extracted from the Group's audited FY2023 Annual report and financial statements. The publication can be read in full via this link:\n \n \nhttp://www.rns-pdf.londonstockexchange.com/rns/5662F_1-2023-7-10.pdf\n \n \n\"My role is not to fundamentally change the corporate strategy but to align this strategy with greater focus. The task is building on TR's reputation as a trusted and reliable partner by accelerating the pace of execution and creating an aligned leadership team with the skills and necessary capabilities, visions and drive to maximise 50 more years of success\"\nScott Mac Meekin, Interim CEO\n \n \nKey operational highlights\n \n\n\n\n\n· After a challenging period, TR is now focused on continuing its momentum to deliver profitable growth and its medium-term aspirations\n\n\n\n\n· Strong revenue growth of 9.1% at Constant exchange rate (CER) (organic: 7.3%; acquisition: 1.8%; 11.8% at Actual exchange rate (AER))\n\n\n\n\n· Pass through of inflationary cost successfully concluded by January 2023 with some key customers\n\n\n\n\n· Growth momentum sustained in FY23 Q4; along with record level of contract wins for the year totalling £25.6m\n\n\n\n\n· Underlying profit before tax reduces to £9.3m at AER resulting in underlying diluted ...