Trading update

RNS Number : 4498B

Trifast PLC

17 April 2012

 

Date: Tuesday 17 April 2012                       

Immediate Release

Trifast plc

("Trifast" "TR" or "Group")

Trading update

The Board of Trifast issues the following update ahead of the publication of the Group's Preliminary Results for the year ended 31 March 2012, which will be announced on Tuesday 19 June 2012.

The Group has made solid progress in the financial year and as a Board we are comfortable with consensus market forecasts.

Trifast is pleased to report that the integration of Power Steel and Electro-Plating Works Sdn. Bhd. ("PSEP") which the Group acquired at the end of last year is also progressing very well and, over the coming year we expect to see further utilisation of its capacity and capabilities. Since ownership, trading at PSEP has been in line with the Board's expectations.

The Group's business objective remains committed to margin enhancement whilst continuing to focus on maximising growth opportunities through both its transactional and global sales strategy. Despite the uncertainty in the world markets, the Directors are encouraged by the overall progress the enlarged business is making and the opportunities that are presenting themselves.

As a business, we remain confident about our future and the Board look forward to updating shareholders in more detail in June.

Enquiries:
Trifast plc	TooleyStreet Communications Ltd	Arden Partners plc
Malcolm Diamond MBE, Executive Chairman Jim Barker, Chief Executive Mark Belton, Group Finance Director Telephone: [phone]	IR, Corporate & Media Relations Fiona Tooley Mobile: [phone] Telephone: [phone]	Adrian Trimmings Tel: [phone]

Editors Note:

LSE Ticker: TRI                                                                                                 Group website: www.trifast.com

Trifast's trading business TR Fastenings is a leading international manufacturer and distributor of industrial fastenings to the assembly industries, with operations in Europe, the Americas and Asia. For more information, please visit www.trfastenings.com.

Follow us: Twitter: www.twitter.com/trfastenings                                

Facebook: www.facebook.com/trfastenings 

LinkedIn: www.linkedin.com/company/tr-fastenings

 

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