3rd Quarter Interim Managemen

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

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