Semiconductor demand boosts Renishaw’s profits
Precision engineering firm Renishaw increased first-quarter profits by 22%.
The upbeat update, revealing pre-tax profits of £34m at the Gloucestershire-based company, is a change from a challenging year. Revenues for the period were up 6% to £173.9m.
It said ales of position encoders to the semiconductor manufacturing sector saw strong growth after a subdued performance last year. However the company told the stock market it is "cautious" about the strength of this demand for the rest of this year.
Renishaw said: "The first... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
