Gloucestershire-based Renishaw has announced pre-tax profits of £52.13m for the year ending June 30, 2007. This represents an increase from £38.1m in 2006. The metrology company also saw it’s full year sales rise from £176m to £181m a growth of eight per cent at current interest rates.
With the exception of co-ordinate measuring machines (CMM) where one of its major customers,
As well as continuing investment in new equipment at its
On the down side, the company’s operating profits have taken a bit of a hit this year, dropping from £35.5m to £29.7m. Renishaw puts this down to unfavourable foreign exchange rates, a situation that is likely to continue having an impact over the coming months. If current rates of order intake continue, the company anticipates sales growth approaching double digits.