Renishaw makes ‘steady progress’ towards strategic goals
Renishaw has made "steady progress" in the first half of the year as the engineering group focuses on increasing its profit margins over the medium term.
Revenues were up 3% to £341.4m, and pre-tax profits increased 2%, to £57.5m. It maintained its interim dividend at 16.8p.
Will Lee, chief executive of Renishaw, said: "We have continued to make steady progress in mixed trading conditions and our order intake has recently improved, particularly from the semiconductor manufacturing and consumer electronics sectors."
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