Companies: OXIG   

Following an 18 month restructuring programme designed to improve the company's 'operational excellence', high-tech instrumentation developer and manufacturer Oxford is now going from strength to strength, following up a bullish trading statement with an excellent set of operating statistics for the year to 31 March. Pre-tax profits on continuing operations totalled £5.7m, most of it coming from the Oxford Magnetic Technology joint venture with Siemens, but augmented by a £2.1m operating profit from other operations, all of which are now profitable. After £1.4m of exceptional costs related to restructuring and a £1.5m loss on discontinued operations, the pre-tax profit was £2.7m. Oxford specialises in the development and manufacture of 'superconductive' magnets and related products but sells a range of its scientific instruments to the semiconductor, medical and research sectors worldwide. Now order levels are stacking up - by 19% to £201m at the year-end. Chief executive Andrew Mackintosh says that 'there is plenty of opportunity to build' on the company's present operating performance, with an especial focus on exploiting its technological expertise further through partnerships.

Oxford Instruments	LSE	£76.57m	155.00p	-5.00p
Click here for interactive charting
Other company articles:
Oxford Instruments: focused and flourishing			30/06/2008
Interim profits fall at Oxford Instruments			14/11/2002
Oxford Instruments			13/11/2002
Oxford Instruments			07/06/2002
techMARK Report			02/05/2002