Trifast plc ("Group" or "Trifast" or "TR") Pre-close Trading update The Directors are pleased to report that the business is continuing to benefit from the improving macro-economics and demand from manufacturing output across TR's customer base, in particular automotive; these trends are reflected across most of the Group's operations. As a result the Group is expected to report that the financial results for the year ended 31 March 2014 will exceed market expectation. TR's balance sheet remains strong; cash management continues to be highly effective, as a result, management expect the business to enter the new financial year with nil net debt. With our motivated operational teams continuing to identify and create new business opportunities within our key markets this further underpins our confidence going forward. Beyond organic growth initiatives, the Group continues to pursue opportunities to add geographic coverage, product range and customers to the TR footprint and we look forward to keeping all stakeholders updated with our progress. Trifast's Preliminary results for the year ended 31 March 2014 are scheduled to be announced in mid-June. |
