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Trifast PLC - Uckfield, England-based industrial fastenings firm - Pretax profit for the year, which ended March 31, rises 36% to £10.6 million from £7.8 million. Revenue jumps 16% to £218.6 million from £188.2 million. Attributes this to a strong recovery from Covid-19 in the first half, robust growth in the second half, and a good contribution from acquisitions. Proposes a final dividend of 1.40 pence per share. This brings its total dividend to 2.10p per share, an increase of 31% on 1.60p the year before. Says it is confident in delivering strong revenue growth for financial 2023.
Current stock price: 92.00 pence
12-month change: down 34%
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