We are pleased to report a solid first half performance which has delivered an underlying pre-tax profit increase of 24.8% to £8.3m and a 23.2% increase in underlying EPS.
Under the terms of the acquisition, Trifast has acquired Kuhlmann for a total consideration of €8.50 million (£6.16m).
In the financial year ended 31 March 2015, our business delivered its strongest trading performance since it was formed over 40 years ago.
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We are delighted to be able to report a record performance for the year. This is reflected in an impressive increase in terms of revenue, up 19%, and underlying profit before tax, up 56%
The Board is very pleased to report that, following the trading update on 11 February 2015, the Group has continued to perform well in the final quarter of the financial year ended 31 March 2015.
The Group is developing a strong forward order pipeline reflecting solid growth from both new and existing customers across its key sectors of global automotive, domestic appliances and electronics/telecoms infrastructure (4G).
Malcolm Diamond MBE discusses the half year results published today including a short overview of the company, the team's performance and future opportunities.
Trifast plc has been recognised by the Investor Relations Society (IR Society) at its Best Practice Awards ceremony held in London last week.
Best annual report, Best digital reporting & Best use of digital communications
The Board of Trifast issues the following Trading Update ahead of its Annual General Meeting which is being held (18 September 2014) at 12noon.