Trifast plc - Results for the six month period ended 30 September 2011
| Key Financials | H1 30 September 2011 | H1 30 September 2010 | H2 31 March 2011 | Full year 31 March 2011 |
| Continuing operations | ||||
| Revenue | £55.44m | £52.04m | £54.05m | £106.09m |
| Gross Profit | £14.25m | £13.45m | £13.27m | £26.72m |
| Underlying operating profit* | £2.67m | £1.99m | £2.34m | £4.33m |
| Operating profit | £2.42m | £1.75m | £1.33m | £3.08m |
| Underlying pre-tax profit* | £2.37m | £1.72m | £2.05m | £3.77m |
| Pre-tax profit | £2.13m | £1.48m | £1.04m | £2.52m |
*Underlying profit is calculated before intangible amortisation, IFRS 2 charges and restructuring costs.
Highlights:
Excellent further growth in profitability in the Half-year
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UK – another strong broad based performance
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Asia continues to provide a solid foundation
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Europe- strong performance from ‘Automotive Centre of Excellence’
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USA – broke into profit – restructured focus going forward
Encouraging progress within all four key areas of focus
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Pricing, sourcing, TR branded offerings and sales
Return on Capital Employed (“ROCE”) up to 10.3%
TR continues to see a number of opportunities for growth in its target markets
“Following on from the improvements we saw during the second half of the last financial year, our first half performance reflects not only revenue growth but more importantly, an excellent increase in profitability over the comparable 2010 period.”
“The Directors are pleased with continued trading and even with the current ‘Eurozone’ difficulties, remain comfortable with current market expectations.”