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Goodwin ( (GB:GDWN) ) has shared an announcement.
Goodwin PLC has reported a significant increase in profitability for the first half of the year, with a 53% rise in pre-tax profits compared to the previous year and a strengthened order book. The growth is driven by the successful execution of contracts in the nuclear and naval sectors, including the production of Self Shielding Boxes and advancements in polyimide resin production. The company’s financial health has improved with a reduction in net debt and increased cash generation, positioning it well for future growth and profitability. This progress is supported by developments in their Easat Radar Systems and Refractory Engineering Division, signaling a robust outlook for the company.
More about Goodwin
Goodwin PLC operates in the engineering and manufacturing industry, focusing on high-integrity products for sectors such as nuclear decommissioning and naval vessels. They are also involved in producing polyimide resin powders for industrial applications through their subsidiary, Duvelco Ltd.
YTD Price Performance: 18.06%
Average Trading Volume: 2,715
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £500.1M
For a thorough assessment of GDWN stock, go to TipRanks’ Stock Analysis page.