Business
Preliminary Results - Replace
Preliminary Results - Replace.
About this update from Gooch & Housego Plc
[{"type":"text","content":"\n RNS Number : 8762I Gooch & Housego PLC 25 November 2008 \nThe following amendment has been made to the 'Preliminary Results' announcement released today at 07:00 under RNS No 8403I.\n\nReplacement due to issue regarding dividend date. \n\nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \n \n\n\n\n\n\nFor immediate release\n\n\n25 November 2008\n\n\n\n\n\nGooch & Housego PLC\n\nPRELIMINARY RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2008\n\nHIGHLIGHTS\n\nTransformational year\n\nGooch & Housego PLC, the specialist manufacturer of optical components and systems, today announces preliminary results for the year ended 30 September 2008.\n\nFinancial highlights\n\n\n\nGroup turnover increased by 8.8% to £33.4m (20071: £30.7m)\n\n\nGroup normalised operating profits decreased by 19.2% to £5.7m (2007: £7.0m)\n\n\nBasic earnings per share of 18.5p (20071: 21.9p), down by 15.5%\n\n\nNormalised earnings per share² of 20.0p (2007: 24.8p), down by 19.4%\n\n\nGroup normalised profit before tax of £5.4m (2007: £7.1m), a decrease of 22.9%\n\n\nGroup profit after tax of £3.6m (20071: £4.1m), a decrease of 13.7%\n\n\nTotal dividend held at 4.5p\n\n\n\n1 All numbers are prepared in accordance with International Financial Reporting Standards (IFRS) as adopted in the EU and reflect the Group's first time adoption of IFRS.\n\n² Normalised earnings per share is based on profit after tax plus the add back of acquired intangible asset amortisation. \n\nOperational highlights\n\n\n\nRevenue growth despite challenging market conditions\n\n\nProfits impacted by a changing product mix and market conditions\n\n\nGooch & Housego re-positioned as an integrated global technology business\n\n\nBoard and management strengthened\n\n\nLaunched first dedicated Life Sciences products\n\n\nAcquired General Optics delivering presence in US Aerospace & Defence market\n\n\nCompleted investments in Ilminster and Torquay facilities\n\n\n\nGareth Jones, Chief Executive of Gooch & Housego PLC, commented:\n\n'This year has seen the realisation of our plans to re-position Gooch & Housego as an integrated global technology business. Our investments in infrastructure, R&D, sales & marketing and strateg...