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Annual Results

Oxford Instruments swings to FY pretax profit

15 June 2016 07:48

Oxford Instruments has swung to a FY pretax profit of £13.1m, from a loss of £9.6m. Dividend per shaer was 13p, unchanged on the year. Revenue eased to £361.6m, from £380.1m.

Looking ahead, Oxford said its revenue for first two months of trading was in line with last year and that profits were marginally ahead.

A focus on product innovation, customer service and cost optimisation gave the company confidence it was on track to make progress in the year ahead.

CEO Ian Barkshire said: "I am excited about the opportunity to capture the long term structural growth in demand for high performance nanotechnology tools.

"We will continue to invest in growing the business in our core markets of physical and material science, and exploiting convergence to expand into life sciences."

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