REG - Goodwin PLC - Interim Management Statement <Origin Href="QuoteRef">GDWN.L</Origin>

GoodwinAnnouncement

10/09/2015 16:20

RNS Number : 7379Y
Goodwin PLC
10 September 2015
Goodwin PLC today announces its first quarter Interim Management Statement for the period 1st May 2015 to 31st July 2015.
The unaudited consolidated and abbreviated income statement below for the first quarter's trading ending 31st July 2015 shows revenue of 33,493,000 (2014: 39,696,000) and profit before taxation of 3,800,000 (2014: 7,186,000).
The first quarter sales order input for this new financial year was up 36% as compared to the first quarter in the previous financial year when the downturn in the oil and gas industry activity first started to hit. However, whilst the order input for this first quarter is similar to 2012/2013 and 2013/2014, this should be viewed with caution as the profit margins on many of these new orders will be lower, as was indicated in the year end accounts, due to the increased level of fight needed to win the business in this quieter market.
No exceptional or material adverse events have impacted on the Group during the relevant period.
J. W. GOODWIN
Chairman
GOODWIN PLC
Consolidated, Abbreviated and Unaudited Income Statement
for the three months ended 31st July 2015


Unaudited
3 Months Ended
Unaudited
3 Months Ended
Audited
12 Months Ended


31st July
31st July
30th April


2015
2014
2015


'000
'000
'000





Revenue - Continuing
33,493
39,696
127,049





Operating Profit 
3,898
7,224
20,447





Financial Expenses
(174)
(146)
(682)
Share of Profit of Associate Companies
 76 
 108 
288





Profit Before Taxation
3,800 
7,186
20,053





Tax on Profit
(813)
(1,516)
(4,601)





Profit After Taxation
2,987
5,670
15,452





Attributable to:



Equity Holders of the Parent
2,868
5,452
15,025
Non-controlling interest
119
218
427


2,987
5,670
15,452





Earnings Per Ordinary Share:



Basic and Diluted
39.83p
75.72p
208.68p
 10th September 2015

This information is provided by RNS
The company news service from the London Stock Exchange
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