Gooch & Housego profit plunges

Gooch & Housego, the aim listed industrial laser specialist, posted a hefty slide in first half pre-tax profit as it battles against challenging trading conditions.

Gooch & Housego, the aim listed industrial laser specialist, posted a hefty slide in first half pre-tax profit as it battles against challenging trading conditions.

The group, which specialises in laser technology used to make smartphones and other electronic devices, said pre-tax profit for the six months to 31 March 2012 fell to £2.5m, down from £3.9m the same time last year. Revenue for the period edged higher to £27.8m from £27.2m. Earnings per share fell to 8.7p from 13p.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.