Shares in Goodwin surged by 36% on Monday after the engineering firm said it expected to at least double annual profits on the back of a strong order book and said it would also pay a special one-off interim dividend of 532p a share.
Source: Sharecast
The company said it expected “with a high degree of confidence” trading profit before tax for the year ending April 30 will be more than £71m compared with £35.5m a year earlier.
Goodwin, which supplies the defence, aerospace, energy, automotive and industrial industries, said its order book currently stood at £365m along with enhanced visibility across multiple key defence and nuclear programmes that were not yet reflected.
Reporting by Frank Prenesti for Sharecast.com
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