- Trifast said group trading remains encouraging and in line with management expectations as the TR business units benefit from existing and new opportunities arising across key sectors, notably automotive, electronics/telecoms and domestic appliances.

"In the first five months of the current financial year, we have seen promising underlying organic revenue growth, despite the strengthening of Sterling," the company said.

"Moreover, the Board is pleased to note the ongoing improvement in the Group's operating margins which is driving TR''s underlying organic profitability, especially within our European and Asian operations that exceeds any foreign exchange impact.

"VIC, our Italian acquisition completed on 30 May 2014 is integrating well into TR and its performance is meeting our expectations. VIC marks the latest step in our expansion strategy while also broadening our position within the domestic appliance and Tier 1 automotive sectors.

"It also brings new customers, technical engineering skills, cross selling opportunities and gives TR greater penetration into our expanding network of Multinational customers.

"The Board remains confident in its objective to deliver another strong performance this year and beyond."

Story provided by