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Oxford Instruments H1 Pretax Profit Rises; Revenue Up 10.4% At Constant Currency

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Oxford Instruments (OXIG.L) reported first half profit before tax of 31.7 million pounds, an increase of 7.1% from last year. Earnings per share was 41.1 pence compared to 38.1 pence. Adjusted profit before tax was 34.6 million pounds, down 7.7%. Adjusted earnings per share was 44.1 pence compared to 48.7 pence. Revenue was 225.8 million pounds, up 7.7% on a reported basis.

"We expect to deliver our typical stronger trading performance in the second half, supported by delivery of some larger orders in Advanced Technologies and efficiency improvements. As a result, we expect to report a performance for the full year in line with expectations on a constant currency basis," said Richard Tyson, CEO of Oxford Instruments plc.

The Board declared an interim dividend of 5.1 pence per share, a 4.1% increase.

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