Interim Management Statement

RNS Number : 5273Z

Goodwin PLC

08 March 2013

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

The consolidated, abbreviated and unaudited income statement below for the nine months' trading ending 31^st 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