LONDON (Thomson Financial) - Mechanical engineering group Goodwin Plc. posted a 39.4 percent j
ump in full-year pretax profit as revenues rose 22 percent versus last year, driven by the company's continued high level of sales into the oil and gas markets as well as the power generation markets worldwide.
The results also benefited from the profits of the new German valve manufacturing subsidiary, Noreva GmbH, which achieved 1.4 million pounds pretax profits in its first full year of trading as part of the group.
For the year to April 30, 2008, the group reported pretax profits of 9.82 million pounds versus 7.04 million last year on a revenue of 80.6 million compared with 66.1 million a year ago.
The company proposed that a dividend of 23.004 pence per share be paid against 18.403 pence last year.
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