Oxford Instruments sees stronger H2

Hi-tech tool manufacturer Oxford Instruments said first half pre-tax profit fell to £12.5m from £13.2m the year before but sees an improved second half.

Hi-tech tool manufacturer Oxford Instruments said first half pre-tax profit fell to £12.5m from £13.2m the year before but sees an improved second half.

The group, which makes and supplies tools and systems with a focus on research and industrial applications, said revenue surged over 40% in a 'robust' market environment and as it introduced new products.

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