Interim Management Statement

RNS Number : 7379Y

Goodwin PLC

10 September 2015

 

Goodwin PLC today announces its first quarter Interim Management Statement for the period 1^st May 2015 to 31^st July 2015.

The unaudited consolidated and abbreviated income statement below for the first quarter's trading ending 31^st July 2015 shows revenue of £33,493,000 (2014: £39,696,000) and profit before taxation of £3,800,000 (2014: £7,186,000).

The first quarter sales order input for this new financial year was up 36% as compared to the first quarter in the previous financial year when the downturn in the oil and gas industry activity first started to hit. However, whilst the order input for this first quarter is similar to 2012/2013 and 2013/2014, this should be viewed with caution as the profit margins on many of these new orders will be lower, as was indicated in the year end accounts, due to the increased level of fight needed to win the business in this quieter market.

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 2015

		Unaudited 3 Months Ended	Unaudited 3 Months Ended	Audited 12 Months Ended
		31st July	31st July	30th April
		2015	2014	2015
		£'000	£'000	£'000
Revenue - Continuing		33,493	39,696	127,049
Operating Profit		3,898	7,224	20,447
Financial Expenses		(174)	(146)	(682)
Share of Profit of Associate Companies		76	108	288
Profit Before Taxation		3,800	7,186	20,053
Tax on Profit		(813)	(1,516)	(4,601)
Profit After Taxation		2,987	5,670	15,452
Attributable to:
Equity Holders of the Parent		2,868	5,452	15,025
Non-controlling interest		119	218	427
		2,987	5,670	15,452
Earnings Per Ordinary Share:
Basic and Diluted		39.83p	75.72p	208.68p

  10th September 2015

 

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