Goodwin profits surge, priority remains investment
Engineering and steel castings firm Goodwin has reported strong growth in profits but has restricted its dividend to allow for greater investment.
Engineering and steel castings firm Goodwin has reported strong growth in profits but has restricted its dividend to allow for greater investment.
In the 12 months to the end of April, pre-tax profits at the Stoke headquartered firm were £12.3m an increase of 51% on 2010/11.
Revenues for the full year came in at £107.9m, up 16.15% on the prior year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

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
The dividend has been announced at 32.082p per share, a rise of 10% on the previous year, with the Chairman, JW Goodwin, explaining this caution will help the firm invest create a "much larger" apprentice training pool, expand the foundry and develop two super nickel alloys for use in high temperature gas and steam turbines.
The market clearly buys the story, the shares were up 6.3% at 11:26.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
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.
-
High earners underestimate how much they need to retire comfortably
High net worth individuals grossly misjudge how much money they need for a comfortable retirement, new data shows, with many not saving enough.
-
Retired banker who gave wife £80m to avoid inheritance tax won’t face equal split in divorce
Family lawyers say the Supreme Court ruling will have significant impact on high net worth divorce cases