Gooch & Housego profit soars 78%

Optical components maker Gooch & Housego reported a 78% surge in full year adjusted pre-tax profit and said it is well positioned to weather the current economic climate.

Optical components maker Gooch & Housego reported a 78% surge in full year adjusted pre-tax profit and said it is well positioned to weather the current economic climate.

Adjusted pre-tax profit rose to £10.8m in the year ended 30 September from £6m the year before. Revenue for the year increased to £61m from £44.7m as robust demand continues for lasers used in manufacturing.

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.