Last checked at 9 Mar 2010 07:00
GOODWIN PLC
Goodwin PLC today announces its third quarter Interim Management Statement for the period 1st November 2009 to 31st January 2010.
The consolidated, abbreviated and unaudited income statement below for the nine months' trading ending 31st January 2010 shows revenue of £68,175,000 and profit before tax of £9,531,000.
The results remain in line with expectations and no material adverse events have impacted on the Group during the relevant period. At the half year we commented on our investment to increase our manufacturing capacity and these investments are now coming on line with the advantage that when an upturn in engineering products for the energy industries is seen we will be able to perform. Revenue for the nine month period to 31st January 2010 is similar to the same period last year and the order backlog for current orders stands at 6 months accompanied by letters of intent for follow-on orders. The low value of Sterling continues to help our competitiveness and all our operations in China, India, Thailand and Brazil have improved performance.
J. W. Goodwin
Chairman
9th March 2010
Goodwin PLC
Consolidated, Abbreviated and Unaudited Income Statement
for the nine months ended 31st January 2010
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| Unaudited 9 Months Ended |
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12 Months Ended |
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| 31st Jan |
| 30th April |
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| 2010 |
| 2009 |
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| £'000 |
| £'000 |
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| Revenue - continuing | 68,175 |
| 100,684 | |
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| Operating Profit before Financial Expenses | 9,857 |
| 13,822 | |
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| Financial Expenses | (495) |
| (878) | |
| Share of Profit of Associate | 169 |
| 171 | |
| Profit Before Tax | 9,531 |
| 13,115 | |
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| Tax Expense | (2,669) |
| (4,003) | |
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| Profit for the Period | 6,862 |
| 9,112 | |
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| Attributable to: |
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| Equity Holders of the Parent | 6,476 |
| 8,779 | |
| Minority Interest | 386 |
| 333 | |
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| Earnings Per Ordinary Share: | 89.94p |
| 121.93p | |
| Basic and Diluted |
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End