- Trifast Group Plc»
- Archive»Trifast Trading Update April 13Interim Management Statement & Trading update Feb 13Trifast wins at the IR Society awards 2012Half Year Results - Sept 2012Trifast nominated for two IR Society awardsInterim Management Statement & Trading updateTR Annual Report & Accounts 2012Preliminary Results for the year ended 31 March 2012Trading Update - April 2012Feb 2012 - Interim Management Statement & Trading Update
- Q1 Interim Management StatementTrifast PLC awarded Best Corporate WebsiteHalf Year Results - Sept 2011Sep 2011 - Half-year Results and Current TradingAug 2011 - Interim Management Statement & Trading UpdatePreliminary Results for the year ended 31 March 2011Trading Update April 2011Half Year Results - sept 2010Results of Annual General MeetingTrading UpdateMain Board Executive Director appointmentsPreliminary Results for the year ended 31 March 2010Pre-close update For the year ended 31 March 2010Trifast completes £15 million Asian acquisition
August 2010 - Q1 Interim Management Statement
As the Company indicated in its Preliminary announcement issued on 16 June 2010, the uplift in the last quarter of the previous financial year continued into Q1 of the current financial year ending March 2011. Group revenue for the three months ended 30 June 2010 was 28% ahead of the same period last year; gross margins remained at levels similar to those of the second half of last financial year.
Trading Update - improving trends continue reflecting a strong recovery and ahead of expectations
Overall, for the year to date, we have continued to witness an improvement in trading and business opportunities despite some caution still prevailing across certain global economies.
TR Asia remains buoyant in terms of both manufacturing and distribution. Due to increasing manufacturing demand and visibility the Board has authorised the restoration of capital expenditure in this region.
Around the rest of the world in general, TR is also witnessing demand and enquiries increasing across both its transactional and global sales. The Group's focus remains sales-led with margin improvement whilst retaining its tight control on cash as the business starts to build up stocks profiled to new customer requirements.
In its ‘rebuild’ phase, the Directors remain confident that Trifast will continue to make good strategic progress throughout the remainder of the financial year. However, the Group continues to be mindful of the number of external macro-factors which could slow global and UK economic recovery such as the significant increases in freight and raw material costs.
Taking all of this into account trading to date is strong, as a result the Group will significantly exceed market expectations for the current year.