13th May 2015 07:08
LONDON (Alliance News) - Renishaw PLC Wednesday said its revenue and pretax profit surged higher in the third quarter and the first nine months of the year, with growth across its regional operations particularly in the Far East.
The FTSE 250-listed engineering company said revenue in the third quarter to the end of March was GBP145.9 million, up from GBP84.5 million a year earlier, driving its third quarter pretax profit up to GBP53.2 million from GBP14.4 million and its nine-month pretax profit up to GBP109.8 million from GBP40 million.
The group said revenue in the Far East more than doubled in the nine months, with Americas revenue growing 14%, the UK by 7% and Europe by 1%.
Renishaw maintained its full-year revenue and pretax profit guidance on the back of the results.
Shares in the company were up 3.6% to 2,600.00 pence just after the open, the best performer in the FTSE 250.
By Sam Unsted; [email protected]; @SamUAtAlliance
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