Optical components and systems manufacturer Gooch and Housego said profit for the year ended September 30th is on target as it continues its transition from a predominatly industrial components supplier to a photonic solutions maker for the aerospace & defence and life sciences markets.
Following a weak start to the year, the second half enjoyed generally favourable market conditions.
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As reported in July a number of previously delayed orders were received in the aerospace & defence sector. Elsewhere the life and health sciences sector continued to be an important source of revenues, it added.
Chief Executive Gareth Jones commented: "After a difficult start to the year, improving market conditions combined with solid progress in creating a more broadly-based business have enabled us to deliver a good second half."
"While the economic outlook remains unpredictable, Gooch & Housego is now well-positioned in its targets markets with world-leading products and strong customer relationships."
CJ
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