StockMarketWire.com - 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% on-year, the company said in a trading update.

Tricorn said its joint venture in China continues to perform well.

The company said it would provide a further update on current trading and prospects at the time of the release of its audited full year results, expected to be on 3 June.




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