In its trading update for the six months to end September 2018, Tricorn has said it expects to report revenue 6% up on the previous 6 months, which we estimate to be c.£11.4m. Growth in the Transportation division offset weaker demand in the Energy sector. H1 revenue is expected to be in line, and H1 adj. PBT significantly ahead yoy. The board expects full-year results to be in line with market expectations. Ahead of the interims on 5 December 2018, we maintain our forecasts. We reitera
10 Oct 2018
On track after a good first half
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On track after a good first half
- Published:
10 Oct 2018 -
Author:
Robert Sanders -
Pages:
2
In its trading update for the six months to end September 2018, Tricorn has said it expects to report revenue 6% up on the previous 6 months, which we estimate to be c.£11.4m. Growth in the Transportation division offset weaker demand in the Energy sector. H1 revenue is expected to be in line, and H1 adj. PBT significantly ahead yoy. The board expects full-year results to be in line with market expectations. Ahead of the interims on 5 December 2018, we maintain our forecasts. We reitera