Goodwin expects to double annual profit on strong order book

(Sharecast News) - Engineering firm Goodwin said it expected to at least double annual profits on the back of a strong order book and said it would also pay a special one-off interim dividend of 532p a share. The company said it expected "with a high degree of confidence" trading profit before tax for the year ending April 30 will be more than £71m compared with £35.5m a year earlier.

Goodwin said its order book currently stood at £365m along with enhanced visibility across multiple key defence and nuclear programmes that were not yet reflected.

Reporting by Frank Prenesti for Sharecast.com