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Renishaw FY Pre-Tax Profit Surges - Quick Facts

(RTTNews) - Renishaw plc (RSW.L) reported preliminary results for the year ended 30th June. The group's profit before taxation jumped 477% to GBP 27.1 million from GBP 4.7 million a year ago.

Profit after tax was GBP 21.3 million or 29.3 pence, significantly higher than GBP 3.6 million or 4.9 pence in 2009.

Renishaw's full-year revenue increased 6% to GBP 181.6 million from GBP 171.2 million.

"Whilst economic uncertainties remain, we have a robust international business model that continues to spread its applications into new markets. Our particular optimism for further developments in the expanding range of healthcare offerings, together with our continued investment in new products in our traditional markets, underpins our confidence in future growth," the company noted.