Goodwin order success

Engineer Goodwin (LON: GDWN) has gone under the radar but has a strong track record in both good and bad times. The company points out that annual pre-tax profit has increased thirty-three fold over 27 years, helped by increasing earnings outside of the UK.

There was steady progress last year and the total dividend is increased by 15% to 96.21p a share.

In the year to April 2019, revenues improved from £124.8m to £127m, but gross margins improved and that helped pre-tax profit from £13.3m to £16.4m. This was boosted by the IFRS 15 revenue and profit recognition standard. There was addi...

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Andrew Hore
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.