Product category:
Machinery and Production Equipment
News Release from: Renishaw
Edited by the Engineeringtalk Editorial
Team on 27 September 2000
Renishaw announces progress in its
trading results
Renishaw has reported another year of progress: further investment in both infrastructure and research and development, the launch of additional products and record profits
In announcing the trading results for the financial year, Renishaw's Chairman and Chief Executive David McMurtry was delighted to report another year of progress: further investment in both infrastructure and research and development, the launch of additional products and record profits Operating profit rose to £25.7m from £23.3m
This article was originally published on Engineeringtalk on 3 Sep 2008 at 8.00am (UK)
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Profit before tax, including net interest receivable of £2.4m, amounted to £28.1m (1999 £25.8m) and profit after tax was £21.0m (1999 £19.1m).
Earnings per share of 28.9p increased by 13%, compared with adjusted earnings per share of 25.5p in 1999.
Turnover for the year grew to over ?100 million for the first time, reaching a total of £105.6m (1999 £96.3m).
In local currency terms, turnover increased in all the Group's geographic markets, particularly in the Far East, Western Europe and the UK.
After taking into account the effects of currency changes and the lower value of the euro against sterling during the year, our main growth was in the Far East, USA, South America, Spain and, again, the UK.
In product sectors there was significant growth in encoder, calibration and CMM products, but we were also pleased that there was a good recovery in machine tool products in the second half of the year. Request free introductory details about products from Renishaw ...
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