Renishaw First-Half Net Income Surges
The metrology business “exceeded our expectations,” the company said, with operating profit rising to 39.3 million pounds from 9 million pounds a year earlier.
At the start of the second half of the fiscal year, Renishaw has seen continued strong worldwide demand for its products, CEO David McMurtry said in a statement.
Profits grew fastest in the Far East region, and China has become the company’s main market, Renishaw said. The U.K. manufacturer’s products include laser-calibration and machine-tool gear.