Tricorn Group (AIM:TCN) reassuring update, an opportunity?

First half revenue for the Group’s “continuing operations” is expected to be around 5% lower than in the six months ended 30 September 2014 (Restated Group revenue Sept 2014: was £10.63m) with increased revenue in the USA and China helping to offset lower demand being experienced predominantly in the UK Transportation business. The Group expects ‘adjusted’ pre-tax profit (before restructuring costs, intangible asset amortisation, share based charges and foreign exchange derivative valuation) for the six months ended 30 September 2015 to be substantially ahead of the corresponding period (2014: Loss £70k) and at least in line with the six months…