Business
Half-yearly Financial Report-period to 30.9.17
Half-yearly Financial Report-period to 30.9.17.
About this update from Trifast Plc
[{"type":"text","content":"\n \nRNS Number : 3840W Trifast PLC 14 November 2017 \n\nThe information contained within this announcement \nis deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.\n Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \nTRIFAST PLC\n \nHALF-YEARLY FINANCIAL REPORT \nFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2017\n \n\"Another six months of strong growth, with increased trading driving up our underlying PBT\"\n \n \n\n\n\n\nKEY FINANCIALS\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nContinuing operations (Actual Exchange Rate, AER)\n\n\nChange\nHY2018\nv\nHY2017\n\n\nHY2018\n\n\nHY2017\n\n\nFY2017\n\n\n\n\nGroup revenue\n\n\n+9.0%\n\n\n£97.8m\n\n\n£89.7m\n\n\n£186.5m\n\n\n\n\nGross profit %\n\n\n-140bps\n\n\n30.2%\n\n\n31.6%\n\n\n31.1%\n\n\n\n\nUnderlying operating profit*\n\n\n+8.5%\n\n\n£11.1m\n\n\n£10.3m\n\n\n£21.0m\n\n\n\n\nOperating profit\n\n\n+6.4%\n\n\n£9.3m\n\n\n£8.8m\n\n\n£17.9m\n\n\n\n\nUnderlying profit before tax* \n\n\n+9.7%\n\n\n£10.9m\n\n\n£9.9m\n\n\n£20.5m\n\n\n\n\nProfit before tax\n\n\n+7.7%\n\n\n£9.1m\n\n\n£8.5m\n\n\n£17.3m\n\n\n\n\nUnderlying diluted earnings per share*\n\n\n+8.1%\n\n\n6.78p\n\n\n6.27p\n\n\n12.82p\n\n\n\n\nDiluted earnings per share\n\n\n+23.1%\n\n\n6.56p\n\n\n5.33p\n\n\n10.40p\n\n\n\n\nBasic earnings per share\n\n\n+22.2%\n\n\n6.72p\n\n\n5.50p\n\n\n10.72p\n\n\n\n\nInterim/total dividend^\n\n\n+10.0%\n\n\n1.10p\n\n\n1.00p\n\n\n3.50p\n\n\n\n\nNet debt\n\n\n-£6.3m\n\n\n£7.9m\n\n\n£14.2m\n\n\n£6.4m\n\n\n\n\nReturn on capital employed (ROCE)* \n\n\n+150bps\n\n\n20.1%\n\n\n18.6%\n\n\n19.9%\n\n\n\n\n* Before separately disclosed items (see notes 2, 6 and 9).\n^ Change is in interim dividend only.\n \nOPERATIONAL HIGHLIGHTS\n· Revenue up by 4.8% at Constant Exchange Rate (CER), 9.0% at AER, all organic growth\n· Underlying diluted earnings per share up by 8.1% at AER\n· Confidence for the future and continued profitable growth in a period of investment, drives an interim dividend increase of 10.0% to 1.10p\n· Ongoing investment for growth in our sales teams and operations around the world\n...