Renishaw has reported first half year revenue of £240.4 million, an increase of 21% from £198.5 million for the same period of 2016. First half year profit before tax was £35.7 million, compared with restated £28.6 million last year.

Revenue in the Far East grew by 27%, from £85.5 million last year to £108.7 million (18% at constant exchange rates). In Europe, revenue increased by 18%, from £52.1 million to £61.3 million (3% at constant exchange rates), in the Americas, revenue was higher by 11%, from £43.7 million to £48.6 million (6% at constant exchange rates) and in the UK, revenue was up by 20%, from £11.0 million to £13.2 million.

‘Notwithstanding current economic uncertainties, the board remains confident in the future prospects of the group,’ the company said. ‘We continue to anticipate growth in both revenue and profit in this financial year and expect full year revenue to be in the range of £500 million to £530 million and profit before tax to be in the range of £85 million to £105 million.’

This story is reprinted from material from Renishawwith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.