LONDON (ShareCast) - (ShareCast News) - Shares in engineering firm Goodwin took a hit after the company revealed its full year pre-tax profit was down 16.6% from the year before.
At 1413 BST shares were down 4.3% to 2488.15p after the firm said pre-tax profits dipped from £24.1m to £20.1m.

Revenue had dropped by 2.9% to £127m, from £130m.

The company attributed the weaker result to the contraction seen in the oil and gas engineering sector, and noted first quarter orders were down 32% compared with the same period one year ago.

"This situation progressively recovered by the close of the year such that the order input for the full twelve months was only 19% down as compared to the previous financial year," the company said in a statement.

The company maintained a dividend of 42.348p per share payable on 9th October 2015 to shareholders on the register at the close of business on 11th September 2015.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE