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Oxford Instruments Announces Interim Results for 2005/06
Eynsham, UK, Nov 30: Oxford Instruments plc
(LONDON
OXIG), the advanced instrumentation business, today announced interim results for the six months to 30 September 2005.
* Revenue of £75.3m (2004 £66.8m) reflected the increase in orders to £80.9m (2004 £68.1m)
* Recent acquisitions contributed to both revenue and profit from operations
* The product innovation programme is delivering results with the HyperSense DNP-NMR programme ahead of milestones
* Loss before income tax but after amortisation of acquired intangibles, restructuring and other non-recurring costs and financial income and expenditure was £0.3m (2004 loss £0.9m)
* Total loss per share 0.6p (2004 loss 2.2p) reflects absence of restructuring and other costs
* Net cash, after all bank borrowings, at the end of the half was £12.6m (2004 £10.5m)
* Recommended interim dividend of 2.4p, unchanged from last year
* As separately announced today, Charles Holroyd and Steven Parker are appointed to the Group Board
* The current review indicates higher Group revenue in the second half that should result in the outcome for the full year being in line with expectations
Jonathan Flint, Chief Executive of Oxford Instruments plc, said: “Our new strategic thrust is starting to deliver top line growth and our new organisational structure will provide a focus for improved customer service and innovation. Actions are now underway to accelerate new product development, open up new routes to market and increase efficiencies across our operations, aimed at providing growth in profitability.”Return
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