Record first quarter for Renishaw

Precision tool maker Renishaw chiselled out record revenues for the July - September quarter, with the top line over a third higher year-on-year.

Precision tool maker Renishaw chiselled out record revenues for the July - September quarter, with the top line over a third higher year-on-year.

Revenue in the three months to the end of September - the first quarter of the firm's financial year- saw group revenue rise 36% to £95.9m from £70.5m the year before. Profit before tax for the first quarter amounted to £28.3m, compared with £13.6m last year, an increase of 108%.

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