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Home > News > Oxford Instruments Turns To Profit In FY10 - Update

June 15th, 2010

Oxford Instruments Turns To Profit In FY10 - Update

Abstract:
High-tech tools manufacturer Oxford Instruments Plc (OXIG.L) Tuesday announced preliminary results for fiscal 2010, reporting a profit for the year, compared with a loss last year. The turnaround reflects improved revenues, lower reorganization and impairment charges, and a one-time mark to market gain on derivative financial instruments.

For fiscal 2010, the Abingdon, Oxfordshire-based company's profit before taxation was GBP 18.1 million as compared with a loss of GBP 9.3 million in the prior-year period. On an adjusted basis, pre-tax profit rose 7.2% to GBP 11.9 million from GBP 11.1 million in fiscal 2009.

Source:
stockmarketsreview.com

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