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Annual Results

Renishaw celebrates record revenue with divi increase

27 July 2017 09:22

Engineering company Renishaw (RSW) achieved record revenue of £536.8m in the year to 30 June, up 14% from a year ago.

It said growth was strong in encoder, measurement and automation, calibration and coordinate measuring machine product lines in the metrology business.

There was also revenue growth in all the healthcare product lines.

Adjusted pre-tax profit rose by 25% to £109.1m, and cash on the balance sheet rose from £21.3m to £51.9m.

The company increased the interim dividend by 8.3% to 52p.

At 9:22am: (LON:RSW) Renishaw PLC share price was +42p at 3997p

Story provided by StockMarketWire.com

Related Company: RSW

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