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

07/10/2015 · Tricorn Group (TCN) 

The tube manipulation specialist offered a reassuring trading update for the six months ended 30 September 2015. Could a recovery be in site?

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…

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