Share Prices & Company Research

Market News

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
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.