Gooch & Housego Plc (GHH.L)

Gooch & Housego Plc (GHH.L)

Gooch & Housego Plc (GHH) - Reports fall in Profit

Gooch & Housego Plc reported a 31.3% fall in its first-half pretax profit however said it remains cautiously optimistic about its prospects for 2009 and beyond. The optical components maker's pretax profit for the half-year ended March 31 was £2.2m, compared with £3.3m a year earlier as revenues rose 15.1% to £15.7m. It said its first-half earnings were hurt by a number of one-off costs associated with the reorganisation of the business.

Gareth Jones, CEO, commented:
"Our headline financials mask a period of exciting change for Gooch & Housego where much positive progress has been made despite some of the most challenging market conditions we have experienced for many years."

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