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18 Dec 2018 | 14:08

Goodwin profit rises 28% amid expansion into ship building

Engineering company Goodwin booked a 28% rise in first-half profit as it expanded into naval ship building and nuclear waste processing.

Pre-tax profit for the six months through October rose to £7.8m, as revenue rose 9% to £67.5m.

'The group order book continues to improve not only in quantity but also in quality of earnings, both on the mechanical engineering side of the business and the refractory engineering side,' Goodwin said.

'The oil and gas order input is stable and the increase on the mechanical engineering side of the business relates to the new markets this division has been targeting, such as naval shipbuilding and nuclear waste reprocessing.'

At 2:08pm: (LON:GDWN) Goodwin PLC share price was -20p at 2690p

Story provided by StockMarketWire.com
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