Business
Preliminary results for the year ended 31.3.19
Preliminary results for the year ended 31.3.19.
About this update from Trifast Plc
[{"type":"text","content":"\n \nRNS Number : 7372B Trifast PLC 11 June 2019 \n\n \nThe information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. 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\"HOLDING THE WORLD TOGETHER\"\n('Trifast', the 'Group' 'TR' or 'Company')\nPreliminary results for the year ended 31 March 2019\n \nLondon: Tuesday, 11 June 2019 Trifast (LSE Premium listing: TRI), leading international specialists in the design, engineering, manufacturing and distribution of high quality industrial fastenings to major global assembly industries announces preliminary results for the year ended 31 March 2019:\n \n\"THE GROWTH STORY SET TO CONTINUE….\"\n \n\n\n\nKEY FINANCIALS\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nContinuing operations\n\n\nYear ended\n31 March \n2019 at CER\n\n\nYear ended\n31 March \n2019 at AER\n\n\nYear ended\n31 March \n2018\n\n\n \nChange \nCER†\n\n\nChange \nAER^\n\n\n\n\nTotal Group revenue\n\n\n£209.1m\n\n\n£209.0m\n\n\n£197.6m\n\n\n5.8%\n\n\n5.7%\n\n\n\n\nGross profit %\n\n\n30.0%\n\n\n30.0%\n\n\n30.5%\n\n\n-50bps\n\n\n-50bps\n\n\n\n\nUnderlying operating profit*\n\n\n£24.2m\n\n\n£24.2m\n\n\n£22.7m\n\n\n6.7%\n\n\n6.5%\n\n\n\n\nOperating profit\n\n\n£17.1m\n\n\n£17.1m\n\n\n£19.0m\n\n\n-9.7%\n\n\n-9.9%\n\n\n\n\nUnderlying profit before tax*\n\n\n£23.6m\n\n\n£23.5m\n\n\n£22.2m\n\n\n5.9%\n\n\n5.8%\n\n\n\n\nProfit before tax\n\n\n£16.5m\n\n\n£16.4m\n\n\n£18.5m\n\n\n-11.1%\n\n\n-11.3%\n\n\n\n\nUnderlying diluted earnings per share*\n\n\n14.55p\n\n\n14.53p\n\n\n13.78p\n\n\n5.6%\n\n\n5.4%\n\n\n\n\nDiluted earnings per share\n\n\n9.92p\n\n\n9.90p\n\n\n12.20p\n\n\n-18.7%\n\n\n-18.9%\n\n\n\n\nDividend:\n\n\n \n\n\n \n\n\n \n\n\n\n\n\n\n\n\n\n\n- final proposed\n\n\n \n\n\n3.05p\n\n\n2.75p\n\n\n\n\n\n10.9%\n\n\n\n\n- interim\n\n\n \n\n\n1.20p\n\n\n1.10p\n\n\n\n\n\n9.1%\n\n\n\n\n- total for the year\n\n\n \n\n\n4.25p\n\n\n3.85p\n\n\n\n\n\n10.4%\n\n\n\n\nNet debt\n\n\n \n\n\n£14.2m\n\n\n£7.4m\n\n\n\n\n\n£6.8m\n\n\n\n\nReturn on capital employed (ROCE)*\n\n\n \n\n\n18.8%\n\n\n20.1%\n\n\n\n\n\n-130bps\n\n\n\n\n&...