GOODWIN PLC

Earnings Release • Mar 8, 2013

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RNS Number : 5273Z

Goodwin PLC

08 March 2013

Goodwin PLC today announces its third quarter Interim Management Statement for the period 1st November 2012 to 31st January 2013.

The consolidated, abbreviated and unaudited income statement below for the nine months' trading ending 31st January 2013 shows revenue of £98,223,000 (2012: £83,877,000) and profit before taxation of £15,102,000 (2012: £8,918,000).

The order input so far this financial year is up by 20% (2012: 20% up) as compared to last year and the Board is optimistic that the Group's performance in the last quarter of this financial year will be consistent with the first three quarters.

The due diligence work in respect of our grant applications has now been successfully completed and the three projects mentioned in the half year statement have now commenced, although this has had no significant impact on the figures presented below.

The financial benefit to the company of the three grants comes to a total of £6.09 million pounds sterling, but to obtain this money from the Government, the company over the next three years has to spend a total of £18.33 million as the grant intensity, dependent upon the different elements of the projects, varies from 10% to 55%.   This will by definition result in an increased need for capital.

J. W. GOODWIN

Chairman

GOODWIN PLC

Consolidated, Abbreviated and Unaudited Income Statement

for the nine months ended 31st January 2013

		Unaudited 9 Months Ended	Unaudited 9 Months Ended	Audited 12 Months Ended
		31st January	31st January	30th    April
		2013	2012	2012
		£'000	£'000	£'000
Revenue - Continuing		98,223	83,877	107,911
Operating Profit		15,808	9,613	13,085
Financial Expenses		(907)	(1,051)	(1,205)
Share of Profit of Associate Companies		201	356	393
Profit Before Taxation		15,102	8,918	12,273
Tax on Profit		(3,669)	(2,319)	(2,938)
Profit for the Period		11,433	6,599	9,335
Attributable to:
Equity Holders of the Parent		11,145	6,150	8,952
Minority Interest		288	449	383
		11,433	6,599	9,335
Earnings Per Ordinary Share:
Basic and Diluted		154.79p	85.42p	124.33p

8th March 2013

This information is provided by RNS

The company news service from the London Stock Exchange

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