TRICORN GROUP (AIM:TCN) – Trading update reassures and it all looks very promising

Full year PBT is expected to be in line with market expectations with good progress made in the first half with further improvements in operating margin and adjusted PBT This has been achieved after absorbing costs associated with the initial start up of the China facility which remains on track to be operational by the end of the current year. A key driver for the higher profitability of the Group has been the further improvements in operating margin and higher revenues within the aerospace division. With market conditions expected to remain favourable and new business secured, the prospects for the…