GOODWIN PLC

Earnings Release • Sep 14, 2016

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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 1st May 2016 to 31st July 2016.

The unaudited consolidated and abbreviated income statement below for the first quarter's trading ending 31st 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

This information is provided by RNS

The company news service from the London Stock Exchange

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