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Pin to quick picksGoodwin Regulatory News (GDWN)

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3rd Quarter Interim Management Statement

9 Mar 2010 07:00

RNS Number : 2589I
Goodwin PLC
09 March 2010
 



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

 

Unaudited

9 Months Ended

 

12 Months Ended

31st Jan

30th April

2010

2009

£'000

£'000

Revenue - continuing

68,175

100,684

Operating Profit before Financial Expenses

9,857

13,822

Financial Expenses

(495)

(878)

Share of Profit of Associate

169

171

Profit Before Tax

9,531

13,115

Tax Expense

(2,669)

(4,003)

Profit for the Period

6,862

9,112

Attributable to:

Equity Holders of the Parent

6,476

8,779

Minority Interest

386

333

Earnings Per Ordinary Share:

89.94p

121.93p

Basic and Diluted

 

End

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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