Interim Management Statement

RNS Number : 8588J

Goodwin PLC

14 September 2016

Goodwin PLC today announces its first quarter Interim Management Statement for the period 1^st May 2016 to 31^st July 2016.

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