Business
Preliminary Results - year ended 31 March 2017
Preliminary Results - year ended 31 March 2017.
About this update from Trifast Plc
[{"type":"text","content":"\n \nRNS Number : 8723H Trifast PLC 13 June 2017 \n\nTuesday, 13 June 2017\nTRIFAST PLC\n ('Trifast', the 'Group' 'TR' or 'Company')\n \n\"HOLDING THE WORLD TOGETHER\" \n \nLeading international specialists in the engineering, manufacturing and distribution \nof high quality, industrial fastenings to major global assembly industries\n \nPreliminary results for the year ended 31 March 2017\n\"MOVING FORWARD WITH GROWTH\"\n \n \nOur FY2017 trading performance across the business has delivered another record breaking financial year \nwith results, ahead of our expectations. Dividend for the year is 3.50p per share, an increase of 25.0%\n \n \nKEY FINANCIALS\n\n\n\n\nContinuing operations\n\n\nYear ended\n31 March \n2017 at CER\n\n\nYear ended\n31 March \n2017 at AER\n\n\nYear ended\n31 March \n2016\n\n\n \nChange \nCER†\n\n\nChange \nAER^\n\n\n\n\nTotal Group revenue \n\n\n£172.6m\n\n\n£186.5m\n\n\n£161.4m\n\n\n+7.0%\n\n\n+15.6%\n\n\n\n\nGross profit %\n\n\n31.1%\n\n\n31.1%\n\n\n29.7%\n\n\n+140bps\n\n\n+140bps\n\n\n\n\nUnderlying operating profit*\n\n\n£18.6m\n\n\n£21.0m\n\n\n£16.8m\n\n\n+10.9%\n\n\n+25.2%\n\n\n\n\nOperating profit\n\n\n£15.6m\n\n\n£17.9m\n\n\n£13.9m\n\n\n+12.5%\n\n\n+28.8%\n\n\n\n\nUnderlying profit before tax* \n\n\n£18.1m\n\n\n£20.5m\n\n\n£16.0m\n\n\n+13.2%\n\n\n+28.1%\n\n\n\n\nProfit before tax\n\n\n£15.1m\n\n\n£17.3m\n\n\n£13.1m\n\n\n+15.4%\n\n\n+32.6%\n\n\n\n\nUnderlying diluted earnings per share*\n\n\n11.28p\n\n\n12.82p\n\n\n9.99p\n\n\n+12.9%\n\n\n+28.3%\n\n\n\n\nDiluted earnings per share\n\n\n8.97p\n\n\n10.40p\n\n\n8.50p\n\n\n+5.5%\n\n\n+22.4%\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\n2.50p\n\n\n2.00p\n\n\n \n\n\n+25.0%\n\n\n\n\n- interim\n\n\n \n\n\n1.00p\n\n\n0.80p\n\n\n \n\n\n+25.0%\n\n\n\n\n- total for the year\n\n\n \n\n\n3.50p\n\n\n2.80p\n\n\n \n\n\n+25.0%\n\n\n\n\nNet debt\n\n\n \n\n\n£6.4m\n\n\n£16.0m\n\n\n \n\n\n-£9.6m\n\n\n\n\nReturn on capital employed (ROCE)* \n\n\n \n\n\n19.9%\n\n\n18.5%\n\n\n \n\n\n+140bps\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \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\n ...