Goodwin PLC Interim Management Statement (8588J)

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RNS Number : 8588J

Goodwin PLC

14 September 2016

Goodwin PLC today announces its first quarter Interim Management Statement for the period 1(st) May 2016 to 31(st) July 2016.

The unaudited consolidated and abbreviated income statement below for the first quarter's trading ending 31(st) July 2016 shows revenue of GBP33,010,000 (2015: GBP33,493,000) and profit before taxation of GBP3,046,000 (2015: GBP3,800,000).

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   Unaudited      Audited 
                               3 Months    3 Months    12 Months 
                                  Ended       Ended        Ended 
                                   31st        31st         30th 
                                   July        July        April 
                                   2016        2015         2016 
                                GBP'000     GBP'000      GBP'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

This information is provided by RNS

The company news service from the London Stock Exchange

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September 14, 2016 09:40 ET (13:40 GMT)