QMT News: May 2008
Renishaw expects to exceed profit forecast

In a recent  Interim Management Statement  from Renishaw, Sir David McMutrry, chairman and CEO (photo), said performance of the Renishaw Group continues to remain strong with turnover ahead of the levels in the first half of the year, despite competitive markets. 

“We confidently expect the profit before tax in the year to 30th June 2008 to exceed our previous high achieved in financial year 2006 (£38.1m), partly aided by the positive impact of currency exchange rate movements.”


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