Business
Preliminary results - year ended 31 March 2016
Preliminary results - year ended 31 March 2016.
About this update from Trifast Plc
[{"type":"text","content":"\n \nRNS Number : 0641B Trifast PLC 14 June 2016 \n\n \nTuesday, 14 June 2016\n \n \nTrifast plc\n('Trifast', the 'Group' or 'Company')\n \nPreliminary results for the year ended 31 March 2016\n \nINVESTING FOR GROWTH \n'FY 2015 was our strongest trading performance ever. In FY 2016, we have built on that success story \nand delivered our sixth year of continuous growth'\n \n \nKey financials\n\n\n\n\nContinuing operations\n\n\nYear ended\n31 March \n2016\n\n\nYear ended \n31 March \n2015\n\n\nChange AER^\n\n\n \n \nChange CER†\n\n\n\n\nGroup revenue\n\n\n£161.4m\n\n\n£154.7m\n\n\n4.3%\n\n\n6.8%\n\n\n\n\nGross profit %\n\n\n29.7%\n\n\n29.0%\n\n\n+70bps\n\n\n+50bps\n\n\n\n\nUnderlying operating profit*\n\n\n£16.8m\n\n\n£15.3m\n\n\n9.9%\n\n\n12.8%\n\n\n\n\nOperating profit\n\n\n£13.9m\n\n\n£12.8m\n\n\n8.6%\n\n\n\n\n\n\n\nUnderlying profit before tax* \n\n\n£16.0m\n\n\n£14.3m\n\n\n11.8%\n\n\n14.8%\n\n\n\n\nProfit before tax\n\n\n£13.1m\n\n\n£11.8m\n\n\n11.0%\n\n\n\n\n\n\n\nUnderlying diluted earnings per share*\n\n\n9.99p\n\n\n8.68p\n\n\n15.1%\n\n\n\n\n\n\n\nBasic earnings per share\n\n\n8.78p\n\n\n7.39p\n\n\n18.8%\n\n\n\n\n\n\n\nDividend:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n- final proposed\n\n\n2.00p\n\n\n1.50p\n\n\n33.3%\n\n\n\n\n\n\n\n- interim\n\n\n0.80p\n\n\n0.60p\n\n\n33.3%\n\n\n\n\n\n\n\n- total\n\n\n2.80p\n\n\n2.10p\n\n\n33.3%\n\n\n\n\n\n\n\nNet debt\n\n\n£16.0m\n\n\n£13.4m\n\n\n£2.6m\n\n\n\n\n\n\n\nReturn on capital employed (ROCE)* \n\n\n18.5%\n\n\n18.6%\n\n\n(10)bps\n\n\n\n\n\n\n\n* Before separately disclosed items (see note 2).\n† Constant exchange rate ('CER')\n^ Actual exchange rate ('AER') \n \n· Revenue increase of 6.8% at CER with acquisitions representing 4.1%\n· Organic revenue growth of £4.1m at CER with our multinational OEMs growing by 3.0%\n· Underlying operating margin* increased to 10.4%\n· Underlying profit before tax* grew 14.8% at CER\n· Underlying diluted earnings per share* increased by 15.1% at AER\n· Total dividend i...