Trifast has released a brief trading update confirming that adj. operating profit will be in line with consensus expectations of £14.8m (Zeus £14.6m) showing growth of 22.4% yoy and indicates the recovery plan put in place by the management is bearing fruit. Revenue is stated as being £223.0m, c. 4% below Zeus’ estimate of £234.0m and is down 4.6% yoy. This does not come as a surprise, the interim results in November had indicated that revenue was running marginally behind our estimate and the o ....
