LONDON (dpa-AFX) - High-precision metrology and healthcare products manufacturer Renishaw Plc (RSW.L) reported Friday that its first-quarter profit before tax surged to 36.9 million pounds from last year's 10.7 million pounds.
Adjusted profit before tax 35.8 million pounds, compared to 15.1 million pounds last year.
Total revenue climbed 26 percent to 142.3 million pounds from prior year's 112.8 million pounds. The company said its revenue benefited due to a number of large orders from Far East customers in the consumer electronics markets.
Looking ahead, the company said its Board remains confident in the future prospects of the Group and of achieving good growth in both revenue and profit in this financial year.
Copyright RTT News/dpa-AFX