27th Oct 2014 07:25
LONDON (Alliance News) - Renishaw PLC Monday said it expects the revenue growth trend it experienced in the first quarter to continue through the second half of its financial year, extending the guidance it gave for the second quarter.
On October 16, the company said its pretax profit for the three months to end-September, its fiscal first quarter, rose to GBP21.3 million, from GBP10.6 million a year earlier, even though exchange rate movements knocked GBP3.3 million off this year's figure. It had previously reported that first quarter revenue increased 28% to GBP101.4 million, from GBP79.0 million a year before, and said that it expected the revenue growth trend to continue in its fiscal second quarter.
"We now also expect the trend to continue into the second half of our financial year," it said in a short trading statement Monday.
By Steve McGrath; [email protected]; @stevemcgrath1
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