Business
Half Yearly Financial Report - six months 30.9.13
Half Yearly Financial Report - six months 30.9.13.
About this update from Trifast Plc
[{"type":"text","content":"\n \nRNS Number : 7457S Trifast PLC 12 November 2013 \n\n\n\n\n\nDate: Tuesday, 12 November 2013\n\n\nImmediate release\n\n\n\n\n \n(\"TR\", \"Group\" or \"Trifast\")\nHalf-yearly financial report \nSix months ended 30 September 2013\n \n\"Strong organic performance from a solid base as opportunities gain momentum\"\n \n\n\n\n\nKey Financials\nContinuing operations\n\n\nChange\nHY2013\nv\nHY2012\n\n\nHY Sept\n2013\n\n\nHY Sept\n2012\n\n\nFull year\n31 March\n2013\n\n\n\n\nØ Group revenue\n\n\n+6.6%\n\n\n£65.26m\n\n\n£61.25m\n\n\n£121.54m\n\n\n\n\nØ Gross profit %\n\n\n+170bps\n\n\n27.7%\n\n\n26.0%\n\n\n26.0%\n\n\n\n\nØ Underlying operating profit\n\n\n+22.4%\n\n\n£4.86m\n\n\n£3.97m\n\n\n£7.97m\n\n\n\n\nØ Underlying pre-tax profit \n\n\n+26.4%\n\n\n£4.55m\n\n\n£3.60m\n\n\n£7.25m\n\n\n\n\nØ Operating profit\n\n\n+23.7%\n\n\n£4.65m\n\n\n£3.76m\n\n\n£7.16m\n\n\n\n\nØ Pre-tax profit\n\n\n+28.0%\n\n\n£4.34m\n\n\n£3.39m\n\n\n£6.44m\n\n\n\n\nØ Adjusted diluted earnings per share\n\n\n+27.8%\n\n\n2.94p\n\n\n2.30p\n\n\n4.73p\n\n\n\n\nØ Basic earnings per share\n\n\n+34.2%\n\n\n3.06p\n\n\n2.28p\n\n\n4.39p\n\n\n\n\nØ Re-introduction of interim dividend\n\n\n\n\n\n0.40p\n\n\n-\n\n\n0.80p\n\n\n\n\nØ Net debt\n\n\n\n\n\n£3.55m\n\n\n£7.70m\n\n\n£5.20m\n\n\n\n\nØ Return on Capital employed (ROCE)\n\n\n\n\n\n14.7%\n\n\n12.6%\n\n\n12.1%\n\n\n\n\n \n\n\n\n\nHighlights\n\n\n\n\nØ Positive on-going organic results from TR's 'Continuous improvement' roll-out across the Group\n\n\n\n\nØ New products and licences gaining foothold\n\n\n\n\nØ New business gains add to TR Asia's positive recovery momentum \n\n\n\n\nØ Automotive Tier 1 continues to expand\n\n\n\n\nØ UK and Europe outperforming and USA gathering pace\n\n\n\n\nØ Investment in manufacturing plant planned in Asia\n\n\n\n\nØ Management confident in delivering future organic growth\n\n\n\n\nØ On-going assessment of earnings enhancing 'bolt-on' acquisitions\n\n\n\n\n \n\n\n\n\nFULL STATEMENT ATTACHED\nResults briefing will be held at 10.30 am: \n12th Floor Boardroom, 125 Old Broad Street, London EC2N 1AR\nConference dial-in facility: on request, please contact +44 (0)7785 703523\n\n\n\n\nFor further details please contact:\nTrifast plc\nMalcolm Diamond MBE, Executive Chairman\nTel: +44 (0) 7979 518493\nJim Barker, Chief Executive\nTel: +44 (0)7769&n...