11th Sep 2018 09:40
LONDON (Alliance News) - Oxford Instruments PLC said Tuesday that it expects the second half of its financial year to benefit from normal "season bias" as it reiterated its expectations for the year.
In his annual general meeting statement, Interim Chairman Stephen Blair said that the company, which distributes high-tech components and tools for X-rays, superconductors and research tools, had a "good start" to the year across all three divisions, Materials & Characterisation, Research & Discovery and Service & Healthcare.
"This has translated into reported and constant currency revenue growth for the group," he added.
Blair took on the role of interim chairman after the death of Alan Thomson in July. He will maintain the role until a successor is appointed.
Oxford Instruments shares were trading up 2.9% at 968.00 pence each.
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