Profit and turnover up at Goodwin
Pre-tax profits have jumped 5 per cent at Stoke-on-Trent-based Goodwin. The mechanical engineering company said the boost came as it signed a five-year deal with oil giant Shell.
For the six months to 31 October, pre-tax profits stood at £6.1m, up from £5.8m in 2010.
Revenue was also up to £54.3m, an increase of 18 per cent on the previous year.
Goodwin also announced to the Stock Exchange that it has agreed a five-year enterprise framework deal with Shell International Global Solutions B.V.
Through the deal, Goodwin will be the single-source supplier of dual plate check valves for Shell's capital expenditure projects and maintenance, repairs and operations on a global basis.
Order input so far this financial year is 14 per cent up on this time last year, said the company, having reached a "historical high" in 2011.
