Goodwin PLC today announces its first quarter Interim Management Statement for the period 1 May 2016 to 31 July 2016.
The unaudited consolidated and abbreviated income statement below for the first quarter's trading ending 31 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
Goodwin plc published this content on 14 September 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 September 2016 13:50:07 UTC.
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Goodwin PLC is a mechanical and refractory engineering company. It specializes in the design, manufacture and supply of products and solutions. Its segments include Mechanical Engineering and Refractory Engineering. The Mechanical Engineering Division designs, manufactures and supplies high-technology metallic, composite and electronic products to industry sectors, including defense, surveillance, aerospace, mining and the oil, gas, water and power generation industries. The Refractory Engineering Division designs, manufactures and supplies formulated, mineral-based products and processed minerals to the jewelry, aerospace, automotive, horticultural and fire protection industry sectors. Its geographical areas include the United Kingdom, the United States, the Rest of Europe, the Pacific Basin and the Rest of World. It designs, manufactures and supplies a range of complete air traffic control, ground movement and surveillance radar systems for both military and civil applications.
GOODWIN PLC 
