15th Apr 2015 06:49
LONDON (Alliance News) - Oxford Instruments PLC Wednesday said trading in the fourth quarter of its financial year to the end of March was in line with expectations.
The manufacturing and research company, in a short trading statement, said trading in the fourth quarter was in line with its expectations and said it expects its adjusted pretax profit for the year to be no less than GBP35 million, down from GBP47.1 million a year earlier.
Shares in the company dropped after its last trading update in January after it said its profit would miss expectations as its orders were hit by Russian sanctions, weaker trading in its Industrial Analysis division and sluggish trading in Japan.
It will publish its results for the year to the end of March on June 9.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Oxford Instruments