Tricorn has delivered a small adj. EBIT in FY2016 in what continued to be extremely challenging trading conditions for its customers. This was partly due to the US operation becoming profitable but also by achieving £1m of efficiency gains. Following the restructuring of its Chinese operations, we still forecast a return to group adj. PBT in FY2017. With management continuing to invest in capex Tricorn remains well-positioned to deliver a geared increase in profits in due course. We ret
08 Jun 2016
US now profitable, China next
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US now profitable, China next
- Published:
08 Jun 2016 -
Author:
Robert Sanders -
Pages:
8
Tricorn has delivered a small adj. EBIT in FY2016 in what continued to be extremely challenging trading conditions for its customers. This was partly due to the US operation becoming profitable but also by achieving £1m of efficiency gains. Following the restructuring of its Chinese operations, we still forecast a return to group adj. PBT in FY2017. With management continuing to invest in capex Tricorn remains well-positioned to deliver a geared increase in profits in due course. We ret