Business
Interim Management Statement
Interim Management Statement.
About this update from Goodwin Plc
[{"type":"text","content":"\n \nRNS Number : 1803Z Goodwin PLC 10 March 2017 \n\nGoodwin PLC today announces its third quarter Interim Management Statement for the period 1st November 2016 to 31st January 2017.\n \nThe consolidated, abbreviated and unaudited income statement below for the nine months' trading ending 31st January 2017 shows revenue of £105.5 million (2016: £87.5 million) and profit before taxation of £8.2 million (2016: £9.0 million).\n \nWhilst the turnover is up by 20.6%, the profitability has reduced by 8.5%, this being a feature of much fiercer competition for the lower level of orders being placed in the oil and gas industry.\n \nThe oil, gas and mining industry markets remain very quiet and the order input for the Group as a whole is 10% lower than that at the third quarter last year. The refractory engineering division companies both in the UK and overseas are still increasing sales volumes and profit.\n \nOur focus remains on trying to improve cash flow and in handling the very significant currency swings that have resulted following the Brexit vote.\n \nJ. W. GOODWIN\nChairman\nGOODWIN PLC\nConsolidated, Abbreviated and Unaudited Income Statement\nfor the nine months ended 31st January 2017\n \n\n\n\n\n\n\n\n\n\n\nUnaudited\n9 Months Ended\n\n\nUnaudited\n9 Months Ended\n\n\nAudited\n12 Months Ended\n\n\n\n\n\n\n\n\n\n\n31st\nJanuary\n\n\n31st\nJanuary\n\n\n30th\nApril\n\n\n\n\n\n\n\n\n\n\n2017\n\n\n2016\n\n\n2016\n\n\n\n\n\n\n\n\n\n\n£'000\n\n\n£'000\n\n\n£'000\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue - Continuing\n\n\n105,474\n\n\n87,489\n\n\n123,539\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating Profit \n\n\n8,885\n\n\n9,275\n\n\n12.748\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial Expenses\n\n\n(805)\n\n\n(419)\n\n\n(775)\n\n\n\n\nShare of Profit of Associate Companies\n\n\n158\n\n\n 148 \n\n\n 341\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit Before Taxation\n\n\n8,238\n\n\n9,004\n\n\n12,314\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTax on Profit\n\n\n(2,056)\n\n\n(1,870)\n\n\n(3,376)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit for the Period\n\n\n6,182\n\n\n7,134\n\n\n8,938\n\n\n\n\nAttributable to:\n\n\n\n\n\n\n\n\n\n\n\n\n\nEquity Holde...