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