Last checked at 10 Sep 2015 16:21
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Goodwin PLC today announces its first quarter Interim Management Statement for the period 1st May 2015 to 31st July 2015.
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The unaudited consolidated and abbreviated income statement below for the first quarter's trading ending 31st July 2015 shows revenue of £33,493,000 (2014: £39,696,000) and profit before taxation of £3,800,000 (2014: £7,186,000).
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The first quarter sales order input for this new financial year was up 36% as compared to the first quarter in the previous financial year when the downturn in the oil and gas industry activity first started to hit. However, whilst the order input for this first quarter is similar to 2012/2013 and 2013/2014, this should be viewed with caution as the profit margins on many of these new orders will be lower, as was indicated in the year end accounts, due to the increased level of fight needed to win the business in this quieter market.
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No exceptional or material adverse events have impacted on the Group during the relevant period.
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J. W. GOODWIN
Chairman
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GOODWIN PLC
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Consolidated, Abbreviated and Unaudited Income Statement
for the three months ended 31st July 2015
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Unaudited 3 Months Ended | Unaudited 3 Months Ended | Audited 12 Months Ended | ||
31st July | 31st July | 30th April | ||
2015 | 2014 | 2015 | ||
£'000 | £'000 | £'000 | ||
Revenue - Continuing | 33,493 | 39,696 | 127,049 | |
Operating Profit | 3,898 | 7,224 | 20,447 | |
Financial Expenses | (174) | (146) | (682) | |
Share of Profit of Associate Companies | 76 | 108 | 288 | |
Profit Before Taxation | 3,800 | 7,186 | 20,053 | |
Tax on Profit | (813) | (1,516) | (4,601) | |
Profit After Taxation | 2,987 | 5,670 | 15,452 | |
Attributable to: | ||||
Equity Holders of the Parent | 2,868 | 5,452 | 15,025 | |
Non-controlling interest | 119 | 218 | 427 | |
2,987 | 5,670 | 15,452 | ||
Earnings Per Ordinary Share: | ||||
Basic and Diluted | 39.83p | 75.72p | 208.68p | |
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10th September 2015