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Trifast flags lower revenues but sees recovery signs

By BFN News | 09:08 AM | Thursday 22 October, 2020


Industrial components manufacturer Trifast has reported a better than expected period of trading as its markets recover from the pandemic's impact. Trading in the past few weeks was slightly ahead of the company's base case assumption of a 16% revenue decline for the 2021 financial year. Year-on-year revenue decline for the first half of the year was "largely... consistent across the group", the company said, while Europe saw a faster recovery in the domestic appliances and electronics sector. The UK experienced more challenging trading conditions in the period due to the impact on the automotive sector, Trifast said. At 9:08am: (LON:TRI) Trifast PLC share price was -4.25p at 115.75p Story provided by StockMarketWire.com

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