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Birmingham Post
Birmingham Post
Business
Andrew Arthur

Engineering firm Renishaw continues recovery with record first-half revenue

Engineering giant Renishaw has built on its financial recovery from the pandemic by posting record first half-year revenue and pre-tax profit.

The FTSE 250 firm, which is based at Wotton-under-Edge in Gloucestershire, published interim results for the six months to December 31, 2021, with group revenue at £325.2m - up from £255.1m for the same period a year earlier.

The company made an adjusted profit before tax of £84.2m, up from £43.4m in 2020. In its last set of full-year results the company posted an adjusted pre-tax profit of £119.7m and statutory profit of £139m.

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