Last checked at 8 Mar 2013 09:00
Goodwin PLC today announces its third quarter Interim Management Statement for the period 1st November 2012 to 31st January 2013.
The consolidated, abbreviated and unaudited income statement below for the nine months' trading ending 31st January 2013 shows revenue of £98,223,000 (2012: £83,877,000) and profit before taxation of £15,102,000 (2012: £8,918,000).
The order input so far this financial year is up by 20% (2012: 20% up) as compared to last year and the Board is optimistic that the Group's performance in the last quarter of this financial year will be consistent with the first three quarters.
The due diligence work in respect of our grant applications has now been successfully completed and the three projects mentioned in the half year statement have now commenced, although this has had no significant impact on the figures presented below.
The financial benefit to the company of the three grants comes to a total of £6.09 million pounds sterling, but to obtain this money from the Government, the company over the next three years has to spend a total of £18.33 million as the grant intensity, dependent upon the different elements of the projects, varies from 10% to 55%. This will by definition result in an increased need for capital.
J. W. GOODWIN
Chairman
GOODWIN PLC
Consolidated, Abbreviated and Unaudited Income Statement
for the nine months ended 31st January 2013
Unaudited 9 Months Ended | Unaudited 9 Months Ended | Audited 12 Months Ended | ||
31st January | 31st January | 30th April | ||
2013 | 2012 | 2012 | ||
£'000 | £'000 | £'000 | ||
Revenue - Continuing | 98,223 | 83,877 | 107,911 | |
Operating Profit | 15,808 | 9,613 | 13,085 | |
Financial Expenses | (907) | (1,051) | (1,205) | |
Share of Profit of Associate Companies | 201 | 356 | 393 | |
Profit Before Taxation | 15,102 | 8,918 | 12,273 | |
Tax on Profit | (3,669) | (2,319) | (2,938) | |
Profit for the Period | 11,433 | 6,599 | 9,335 | |
Attributable to: | ||||
Equity Holders of the Parent | 11,145 | 6,150 | 8,952 | |
Minority Interest | 288 | 449 | 383 | |
11,433 | 6,599 | 9,335 | ||
Earnings Per Ordinary Share: | ||||
Basic and Diluted | 154.79p | 85.42p | 124.33p | |
8th March 2013