- Tube manipulation specialist Tricorn Group posted a rise in first-half profit as it focused on margin improvement, though it warned growth in its end markets was slowing.

Pre-tax profit for the six months through September rose 50% to £0.6m, even as revenue was broadly flat at £11.4m.

'The group has made good progress over the past six months with a focus on margins,' chief executive Andrew Moss said.

'Over the past two years, we have seen significant growth in our end markets.'

'However, towards the end of the period, we witnessed signs of this growth slowing.'

'Against this background, and after considering the impact of new business wins, the board anticipates group revenues in the second half to be similar to the first and full-year underlying profit before tax to be in line with market expectations.'

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