Branded Product

Trifast Plc - Half-yearly financial report for the six months ended 30 September 2013

“Strong organic performance from a solid base as opportunities gain momentum”

Continuing operations
Change HY2013
v
HY2012
HY Sept
2013
HY  Sept
2012
Full year 
31 March 
2013
Group Revenue
+6.6%
£65.26m
£61.25m
£121.54m
Gross profit %
+170bps
27.7%
26.0%
26.0%
Underlying operating profit
+22.4%
£4.86m
£3.97m
£7.97m
Underlying pre-tax profit
+26.4%
£4.55m
£3.60m
£7.25m
Operating profit
+23.7%
£4.65m
£3.76m
£7.16m
Pre-tax profit
+28.0%
£4.34m
£3.39m
£6.44m
Adjusted diluted earnings per share
+27.8%
2.94p
2.30p
4.73p
Basic earnings per share
+34.2%
3.06p
2.28p
4.39p
Re-introduction of interim dividend
 
0.40p
-
0.80p
Net debt
 
3.55m
£7.70m
£5.20m
Return on Capital employed (ROCE)
 
14.7%
12.6%
12.1%

Highlights

  • Positive on-going organic results from TR’s ‘Continuous improvement’ roll-out across the Group
  • New products and licences gaining foothold
  • New business gains add to TR Asia’s positive recovery momentum
  • Automotive Tier 1 continues to expand
  • UK and Europe outperforming and USA gathering pace
  • Investment in manufacturing plant planned in Asia
  • Management confident in delivering future organic growth
  • On-going assessment of earnings enhancing ‘bolt-on’ acquisitions

For further information on Trifast plc please visit our investors website: www.trifast.com