Trifast reported better results than we forecast for the year to 31 March 2022 delivering on the strong finish into the close reflected in the trading statement. On a Constant Exchange Rate (CER) basis, revenue increased by 18.7% YoY driving a 35.3% increase in underlying diluted EPS to 8.44p. Trifast hiked the FY22 dividend by 31.3% to 2.10p. While we continue to expect further recovery, we have trimmed our FY23 forecasts to reflect continued uncertainty over the economic and inflationary outlo ....
