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Goodwin PLC on Thursday said trading has remained in line with expectations, with profitability in the second half of the financial year likely to similar to the first six months. The Stoke-on-Trent, England-based engineer also confirmed the second and final dividend of 57.5 per share would be paid to investors on April 12. In a trading update, Goodwin said profit in the second half of the year will be similar to the £12.1 million reported in the first six months, with the current workload being £252 million. Increased activity at Goodwin Steel Castings following a £77.2 million order, means this business will contribute a greater level of profit in the future ‘as a higher proportion of the work will relate to highly technical and specialist mission critical castings that are priced accordingly.’ Goodwin said it remained committed to is emissions targets and a plan to plant 500,000 trees has been formally approved by the Welsh government due to start within the next two years. The company still awaits permission to connect additional solar installations to Goodwin Steel Castings and Hoben International. As outlined in its interim report, Goodwin expects that over the next six months Easat Radar Systems will be announced as the successful bidder of a number of contracts. Goodwin said the tendering processes are still ongoing. Shares in Goodwin were up 0.9% to 5,248.00 pence in London on Thursday afternoon. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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