Trifast sees FY ahead of views

20th Apr 2011 08:31

Industrial fastenings firm Trifast said it expects profit before tax, pre-exceptionals to be ahead of current market expectations and remains confident about future trading.The East Sussex based nuts and bolts maker said buoyant trading conditions fuelled growth at the group."Overall, as we continue to focus on the delivery of our stated three-phase strategy and building on our performance," the group said in a company statement.Year-end net debt is higher than at the half year stage and in-line with expectations. This is largely as a function of the required increase in levels of stock to service the new and existing business that came on stream during the year, Trifast explained.CJ