Trifast (TRI)

Sector:

Support

Index:

FTSE Small Cap

 71.90p
   
  • Change Today:
      0.000p
  • 52 Week High: 93.90p
  • 52 Week Low: 62.60p
  • Currency: UK Pounds
  • Shares Issued: 136.11m
  • Volume: 80,257
  • Market Cap: £97.87m

Trifast H1 pre-tax profits slump

By Iain Gilbert

Date: Tuesday 22 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Shares in industrial fastenings group Trifast slumped early on Tuesday after it reported a sharp drop in interim pre-tax profits.
Trifast said pre-tax profits tumbled 43% to £3.0m in the six months ended 30 September, with the group citing weaker gross margins, higher tax rates, and spending on its Project Atlas endeavour.

Underlying operating profits fell 20% to £6.0m and gross profits contracted 180 basis points to 24.5%.

However, Trifast did also note that revenue had risen 16% in the half to £120.2m, and said it had hiked interim dividends by 7.1% to 0.75p.

"Whilst recognising the challenges in HY1, with the initiatives we are adopting we continue to see significant scope to build the business and we remain confident in the fundamentals of our business model over the medium term," said chief executive Mark Belton.

As of 1320 GMT, Trifast shares were down 8.88% at 52.85p.





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Trifast Market Data

Currency UK Pounds
Share Price 71.90p
Change Today 0.000p
% Change 0.00 %
52 Week High 93.90p
52 Week Low 62.60p
Volume 80,257
Shares Issued 136.11m
Market Cap £97.87m

Trifast Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.42% above the market average70.42% above the market average70.42% above the market average70.42% above the market average70.42% above the market average
57.78% above the sector average57.78% above the sector average57.78% above the sector average57.78% above the sector average57.78% above the sector average
Price Trend
20.23% below the market average20.23% below the market average20.23% below the market average20.23% below the market average20.23% below the market average
36.63% below the sector average36.63% below the sector average36.63% below the sector average36.63% below the sector average36.63% below the sector average
Income
14.65% below the market average14.65% below the market average14.65% below the market average14.65% below the market average14.65% below the market average
29.23% below the sector average29.23% below the sector average29.23% below the sector average29.23% below the sector average29.23% below the sector average
Growth
10.07% below the market average10.07% below the market average10.07% below the market average10.07% below the market average10.07% below the market average
22% below the sector average22% below the sector average22% below the sector average22% below the sector average22% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trifast Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Mar-24 28-Sep-23
Paid 11-Apr-24 13-Oct-23
Amount 0.60p 1.50p

Trades for 28-Mar-2024

Time Volume / Share Price
14:52 25,000 @ 73.31p
14:50 15,000 @ 73.00p
13:09 257 @ 70.60p
11:59 5,000 @ 71.15p
09:47 25,000 @ 73.28p

Trifast Key Personnel

Chair Serena Lang

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