Renishaw has reported first half year revenue of £240.4 million, compared with the previous year’s figure of £198.5 million, a growth of 21%.

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), while 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 in a press release. ‘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.