Renishaw sees signs of electronics upturn

Precision tool maker Renishaw said despite continuing global macroeconomic headwinds, it has seen good growth over the year to date and has started to see signs of an upturn in the electronics market.

Precision tool maker Renishaw said despite continuing global macroeconomic headwinds, it has seen good growth over the year to date and has started to see signs of an upturn in the electronics market.

Revenue for the third quarter ended 31 March 2012 rose to £81.6m from £78.4m the year before while pre-tax profit fell to £21.4m compared with £25.2m last year as it continues to invest in more staff and infrastructure to support future growth.

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