Gooch & Housego Plc (GHH.L), a British optoelectronics company, on Tuesday reported a rise in revenue for the first half, helped by increased revenue from the Aerospace & Defense segment due to improved demand.
For the six-month period to March 31, the company recorded a pre-tax income of 2.868 million pounds, higher than 0.324 million pounds in the same period last year. Underlying pre-tax earnings stood at 5.051 million pounds as against the prior year's 2.645 million pounds.
Net profit was 2.092 million pounds, or 8 pence per share, compared with a loss of 9.106 million pounds, or 34.8 pence per share in 2024. Last year's net loss reflects a loss from the discontinued operations of 9.262 million pounds.
Underlying earnings, however, moved up to 3.894 million pounds, or 14.8 pence per share, from 2.138 million pounds, or 8.2 pence per share, a year ago. Operating profit surged to 4.156 million pounds from the prior year's 1.571 million pounds.
Revenue was 70.878 million pounds, up from the previous year's 63.617 million pounds. Revenue from Aerospace & Defense business stood at 23.466 million pounds, higher than 16.595 million pounds in 2024. Life Sciences business posted revenue of 17.290 million pounds, up from last year's 15.348 million pounds.
Gooch & Housego will pay an interim dividend of 4.9 pence per share on July 25 to shareholders of record as of June 20.
Looking ahead, Charlie Peppiatt, CEO of Gooch & Housego, said: "Our expectations for FY2025 are unchanged; trading has continued well post the period end and we have >95% cover for full year expected revenue, though there are increased execution risks due to increased global uncertainty. With our growing order book, strengthening market positions and differentiated photonics expertise aligned to structural growth drivers from megatrends, we remain confident in our ability to deliver further progress on our journey to mid-teens returns by 2028 and generate value for all our stakeholders."
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