Trifast has reported FY21 interim results that highlight the tough operating conditions with material falls in revenue, and operating leverage driving sharp reductions in profitability. The c.£16m equity raise helped to cushion the financial impact and the ongoing recovery exiting the first half provides some optimism for the Group heading in to FY22. We reinstate our buy recommendation.
24 Nov 2020
Trifast# - FY21 Interims – Recovery Underway
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Trifast# - FY21 Interims – Recovery Underway
Trifast plc (TRI:LON), 76.0 | Trifast plc (25D:FRA), 0
- Published:
24 Nov 2020 -
Author:
Andrew Simms -
Pages:
5
Trifast has reported FY21 interim results that highlight the tough operating conditions with material falls in revenue, and operating leverage driving sharp reductions in profitability. The c.£16m equity raise helped to cushion the financial impact and the ongoing recovery exiting the first half provides some optimism for the Group heading in to FY22. We reinstate our buy recommendation.