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news release:Oxford
Instruments Announces Interim Results for 2006-07
Oxford,
England, November 21:Oxford
Instruments plc, the high technology tools and systems business, today
announced interim results for the six months to 30 September 2006.
Highlights include:
-
Strong first half with like for like orders up 28% at £85.3m.
-
Revenues increased by 19% to £72.1m on a like for like basis, 8% as
reported.
-
Trading profit significantly improved to £2.0m compared to a loss of £0.2m
in the same period last year; adjusted profit before tax £1.7m (2005: loss
of £0.3m).
-
Gross
margins improved from 32.5% to 33.6% despite a £1.1m impact of adverse
currency and copper price movements.
-
Adjusted earnings per share growth of 2.7p to 2.1p (2005: loss of 0.6p).
Basic loss per share 2.3p (2005: loss 0.6p)
-
Recommended interim dividend of 2.4p per share, unchanged from the previous
year.
Nigel
Keen, Chairman, said: “The growth strategy is showing early signs of success
and the foundations have been laid for delivering enhanced and sustainable
growth. Actions to accelerate new product development, open up new routes to
market and adopt a sharply focused commercial approach are yielding results.
This is reflected in improved order levels and revenues, which in turn will
yield growth in value for shareholders”.
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