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Tricorn Group PLC Ord 10P (TCN)

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23-Jun-2020 02:08 PM

Tricorn posts first-half loss as pandemic weighs

Tube manipulation specialist Tricorn swung to a first-half loss, citing a significant impact from the Covid-19 pandemic. The company did not declare an interim dividend. Pre-tax losses for the six months through March amounted to £0.57m, compared
04-Jun-2020 09:31 AM

Tricorn warns of hit to revenue, EBITDA from 'disruption'; trading at UK Malvern facility returned t

Tube manipulation specialist Tricorn has said that the 'significant disruption' caused by COVID-19 means that revenue and EBITDA for the six months ended 31 March 2020 are expected to be respectively approximately 20% and 87% lower than in the s
04-Dec-2019 09:17 AM

Tricorn profit dented by weak UK demand, US-China trade war

Tube manipulation specialist Tricorn posted a lower first-half profit, amid weaker demand in the UK and margin pressure in the US owing to increased tariffs on Chinese goods. Pre-tax profit for the six months through September fell to £0.19m, down
09-Oct-2019 04:38 PM

UK stocks drift lower but still finish up on the day

UK stocks drifted back slightly on Wednesday afternoon, but managed to close in positive territory on a slightly weaker pound which assisted exporters and hopes of a positive outcome to US-China trade talks. At 1630, the benchmark FTSE 100 index was up 2
09-Oct-2019 07:38 AM

Tricorn warns on profits amid UK demand slump, US margin pressure

Tube manipulation specialist Tricorn warned of a fall in first-half profit and a full-year result 'materially below' expectations, amid a UK demand slump and margin pressure owing to the US-China trade war. Revenue for the six months through Se
05-Apr-2019 07:27 AM

Tricorn sees profit rising 30% amid strength in transport unit

Tube manipulation specialist Tricorn Group said it expected to post an around 30% rise in adjusted annual profit as strength at its transport division offset weaker sales at its energy division. Revenue for the year through March was expected to rise 2.5
05-Dec-2018 07:53 AM

Tricorn profit rises 50%; warns of slowing growth in end markets

Tube manipulation specialist Tricorn Group posted a rise in first-half profit as it focused on margin improvement, though it warned growth in its end markets was slowing. Pre-tax profit for the six months through September rose 50% to £0.6m, even a
06-Jun-2018 07:41 AM

Tricorn profits jump on increased tubing sales

Pipe solutions investor Tricorn Group posted a rise in annual profit as it new won new business in the transport and energy sectors. Pre-tax profit rose to £827k, up from £230k a year earlier, as revenue rose 20% to £22.2m. 'With
10-Apr-2018 07:50 AM

Tricorn Group upgrades annual profit guidance as revenue rises 20%

Tube manipulation specialist Tricorn Group said it expected its full-year adjusted pre-tax profit to be ahead of market expectations, as revenue grew by around 20%. The company pinned the upgrade on 'buoyant markets' and new business wins. All
06-Dec-2017 08:28 AM

Tricorn Group profit jumps

Tricorn Group booked a large rise in first half profit as it boosted sales of its tube manipulation services. Pre-tax profit rose to £370m from £4m a year earlier as revenue surged by 28.4%. "Underlying profit before tax for the six mon
07-Jun-2017 07:50 AM

Tricorn reduces FY pretax loss by more than half

Tricorn has reduced its FY pretax loss by more than half to £287,000, from a loss of £760,000 previously, amid challenging market conditions. This came on revenue of £18.5m, from £18.0m. Net debt was £3.5m, from £2.9m.
12-Apr-2017 07:43 AM

Tricorn sees adj. FY pretax profit ahead of market views

Tricorn Group sees its FY adjusted pretax profit to be ahead of market expectations. "Revenue for the Year is expected to be slightly ahead of the previous year with a favourable USD translation impact more than offsetting the reduction in reporte
14-Sep-2016 03:17 PM

Tricorn resolutions passed at AGM

Tricorn, the AIM listed tube manipulation specialist, has confirmed that all resolutions put to the annual general meeting today were passed. At 3:17pm: (LON:TCN) Tricorn Group PLC share price was 0p at 9p Story provided by StockMarketWire.com...
10-Jun-2015 07:39 AM

Tricorn narrows FY pretax loss

Tricorn has narrowed its FY pretax loss to £36,000, from a year earlier loss of £0.55m. Revenue was £21.19m, from £21.22m. There was no dividend, against a 0.13p payment a year ago. Chairman Andrew Moss said: "The Group has made encouraging pro
17-Dec-2014 07:44 AM

Tricorn's win

Tricorn said Maxpower Automotive UK, part of its Transportation Division, has signed a five-year Long Term Agreement (LTA) with a major British construction equipment manufacturer. The LTA is expected to generate circa £10m of revenue for the Group ove
02-Dec-2014 07:50 AM

Tricorn swings to H1 pretax loss

Tricorn has swung to an H1 pretax loss of £70,000, from a year-ago profit of £0.34m. Revenue was £10.6m, from £11.4m. It canned its interim dividend, which was previously 0.13p. Chairman Andrew Moss said the strategic investments in the USA and China
07-Oct-2014 07:34 AM

Tricorn warns

Tricorn Group said H1 revenue for its continuing operations is seen about 8% higher than in the preceding half year, but that it will be about 6% lower on the year. The Group expects a loss before tax for the six-month period to 30 September 2014 to be s
10-Jun-2014 07:52 AM

Tricorn swings to FY pretax loss

Tricorn swung to a FY pretax loss of £0.999m, from a profit of £1.3m. Revenue was £24.5m, from £21.3m. General administration costs were £6.96m, from £5.15m. Its dividend per share was 0.13p, from 0.3p. "The year has proved challenging with ex
16-Apr-2014 07:40 AM

Tricorn sees adj. FY loss broadly in line with guidance

Tricorn Group said its underlying FY adjusted loss before tax is expected to be broadly in line with earlier guidance. That excluded restructuring costs, intangible asset amortisation, share based charges, foreign exchange derivative valuation and China
11-Feb-2014 07:40 AM

Tricorn warns on FY

Tricorn Group anticipates that FY pretax profit will be materially lower than current market expectations. It said H2 revenue was down 15% on H1. Whilst revenue in the Aerospace division is expected to be broadly flat there have been a number of contrib
03-Dec-2013 07:36 AM

Tricorn swings to H1 pretax loss

Tricorn Group swung to an H1 pretax loss of £0.32m, from a profit of £0.76m. Revenue was £13.3m, from £11.6m. It proposed an interim dividend of 0.13p a share, from 0.1p. "With operations now established in the USA and China, the Group has signi
18-Nov-2013 07:32 AM

Tricorn sells Redman Fittings business

Tricorn Group has sold the trade and assets of the Redman Fittings business to Radius Pipe Systems for an undisclosed sum. Story provided by StockMarketWire.com...
04-Oct-2013 07:32 AM

Tricorn says revenue up 15% in pre-close statement

Tricorn Group said in a pre=close trading update that first-half revenues for the group are expected to be around 15% higher than the corresponding period last year. Revenue from the USA acquisition and modest but increasing revenues from the China facil
04-Oct-2013 07:21 AM

Tricorn revenues grow

Tube manipulation specialist Tricorn Group said first half revenues for the Group are expected to be around 15% higher than the prior year period. Revenue from the USA acquisition and modest but increasing revenues from the China facility have more than
01-Jul-2013 08:16 AM

Tricorn in China JV with Maxpower Automotive

Tricorn Group has agreed terms for the formation of a joint venture in China that will manufacture larger diameter tubular assemblies. The new company, Minguang-Tricorn Tubular Products Nanjing Ltd, would be fully operational following the approval of i
 
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