LONDON (dpa-AFX) - Oxford Instruments plc (OXIG.L) reported Tuesday that its first-half profit before taxation was 26.6 million pounds, up 24.3 percent from 21.4 million pounds last year. Basic earnings per share were 35.9 pence, up 25.1 percent from 28.7 pence a year ago.
Adjusted profit before taxation was 37.3 million pounds, compared to 30.2 million pounds a year ago. Adjusted basic earnings per share were 50.8 pence, compared to 41.2 pence last year.
Revenue was 200.5 million pounds, up 17.9 percent from 170.1 million pounds last year. Revenue growth was 10.2 percent at constant currency.
Orders increased 18.7 percent to 235.3 million pounds from 198.3 million pounds last year. This represented 13.0 percent growth on a constant currency basis.
Further, the Board declared an interim dividend of 4.6 pence per share, up 4.5 percent from last year.
Looking ahead, Ian Barkshire, Chief Executive, said, 'We anticipate higher production in the second half, combined with the positive impact of recent price increases as we convert our record order book. This provides good visibility for an expected improvement in trading in the second half, with full-year trading at constant currency remaining in line with expectations.'
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