3rd Oct 2014 06:25
LONDON (Alliance News) - Renishaw PLC Friday confirmed its financial has started well, with strong first quarter trading which it said it expects to continue into the second.
The FTSE 250 engineering company said its first-quarter revenue increased year-on-year, up to GBP101 million from GBP79 million a year earlier, boosted by growth in its Asian business.
The group said it expects this performance to continue into the second quarter.
The company is to release an interim management statement ahead of its annual general meeting on October 16.
Reporting its full-year results in July, the company posted a rise in profit for the year on the back of the sale of its Declam PLC business and a strong performance in its metrology division.
By Sam Unsted; [email protected]; @SamUAtAlliance
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