Business
Preliminary Results- year ended 31 March 2013
Preliminary Results- year ended 31 March 2013.
About this update from Trifast Plc
[{"type":"text","content":"\n \nRNS Number : 7516H Trifast PLC 25 June 2013 \n\n \nDate: Tuesday, 25 June 2013\nTRIFAST PLC\n(\"Trifast\" \"Group\" or the \"Company\")\n\"2013 - Celebrating TR's 40th Anniversary\"\n\n\n\n\nTrifast's relentless focus on profit growth and cash generation has been reflected in a strong trading performance; resulting in all KPIs being met at the end of the financial year:\n\n\n\n\n2013 Preliminary results\n\n\nYear ended\n31 March 2013\n\n\nYear ended\n31 March 2012\n\n\nchange\n\n\n\n\nFinancial Highlights\n\n\n\n\nØ Group revenue\n\n\n£121.54m\n\n\n£112.51m\n\n\n+8%\n\n\n\n\nØ Underlying operating profit*\n\n\n£7.97m\n\n\n£5.63m\n\n\n+42%\n\n\n\n\nØ Underlying profit before taxation*\n\n\n£7.25m\n\n\n£5.00m\n\n\n+45%\n\n\n\n\nØ Operating profit\n\n\n£7.16m\n\n\n£5.39m\n\n\n+33%\n\n\n\n\nØ Profit before tax\n\n\n£6.44m\n\n\n£4.76m\n\n\n+35%\n\n\n\n\nØ Earnings per share:\n-Basic\n-Adjusted diluted*\n\n\n \n4.39p\n4.73p\n\n\n \n3.45p\n3.76p\n\n\n \n+27%\n+26%\n\n\n\n\nØ Dividend - Final proposed\n\n\n0.80p\n\n\n0.50p\n\n\n+60%\n\n\n\n\nØ Positive cash generation (adjusted)\n\n\n£7.87m\n\n\n£4.57m\n\n\n+72%\n\n\n\n\nØ Net borrowings reduced \n\n\n£5.20m\n\n\n£8.41m\n\n\n£3.21m\n\n\n\n\nØ Return on Capital (ROCE)*\n \n\n\n12.1%\n\n\n**11.3%\n\n\n+80bps\n\n\n\n\nCommercial Highlights\n\n\n\n\nØ Asia\nü New business, PSEP and healthier demand from existing customers despite loss of transfer contracts to China\n\n\n\n\nØ Europe\nü Strong gains from automotive focus - diversifying from historic electronics & domestic appliances sectors\n\n\n\n\nØ United Kingdom\nü Very strong performance - the benefit of 'self - help' initiatives\nü Securing significant new business at improved margins\nü Steady profit growth across all regions including Ireland and encouraging contribution from TR Direct\n\n\n\n\nØ U.S.A\nü Creditable performance reflecting renewed vigour in the US economy and new multinational contract wins \nü Currently, a small part of TR but strategic to the business' future growth plans\n\n\n\n\nØ Globally\nü Investment in sourcing, automation, IT analytics and specialist sales engineers\n\n\n\n\n*Before separately disclosed items which are shown in the Financial statements.\n** Adjusted for PSEP 12 months pro-rata (9.1% on statutory basis)\n \n\"As stakeholders know, the global m...