Last checked at 14 Sep 2016 14:40
Goodwin PLC today announces its first quarter Interim Management Statement for the period 1st May 2016 to 31st July 2016.
The unaudited consolidated and abbreviated income statement below for the first quarter's trading ending 31st July 2016 shows revenue of £33,010,000 (2015: £33,493,000) and profit before taxation of £3,046,000 (2015: £3,800,000).
Sales orders shipped in the first quarter reflect the continued lack of capital project release in the energy industry, oil and gas in particular. The company remains confident its products and technology will in the long term produce growth in profitability but the current workload is similar to that seen last year.
No exceptional or material adverse events have impacted on the Group during the relevant period.
J. W. GOODWIN
Chairman
GOODWIN PLC
Consolidated, Abbreviated and Unaudited Income Statement
for the three months ended 31st July 2016
Unaudited 3 Months Ended | Unaudited 3 Months Ended | Audited 12 Months Ended | ||
31st July | 31st July | 30th April | ||
2016 | 2015 | 2016 | ||
£'000 | £'000 | £'000 | ||
Revenue - Continuing | 33,010 | 33,493 | 123,539 | |
Operating Profit | 3,233 | 3,898 | 12,748 | |
Financial Expenses | (253) | (174) | (775) | |
Share of Profit of Associate Companies | 66 | 76 | 341 | |
Profit Before Taxation | 3,046 | 3,800 | 12,314 | |
Tax on Profit | (614) | (813) | (3,376) | |
Profit After Taxation | 2,432 | 2,987 | 8,938 | |
Attributable to: | ||||
Equity Holders of the Parent | 2,364 | 2,868 | 8,838 | |
Non-controlling interest | 68 | 119 | 100 | |
2,432 | 2,987 | 8,938 | ||
Earnings Per Ordinary Share: | ||||
Basic and Diluted | 32.83p | 39.83p | 122.75p | |
14th September 2016