StockMarketWire.com - Industrial fastenings supplier Trifast said it had posted 'solid' revenue growth in the first five months of the year, though margins remained under pressure due to investment spending.

Domestic and international demand remained reassuring across both Asia and Europe, the company said.

The US region, meanwhile, although relatively small for the company, was growing exceptionally well from a mix of increasing electronics and automotive sales.

'In the UK we have seen a solid performance across our major markets, with the only exception being UK automotive, where volumes are being temporarily hampered as we mentioned in July, by diesel-led transitory reductions and changes to product cycles and model builds,' Trifast said.

'As previously guided, the current solid revenue growth is not yet being reflected in our underlying operating margins as we continue to invest for the future.'


At 9:21am: [LON:TRI] Trifast PLC share price was -0.5p at 226p



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