Gooch & Housego revenues rise

Gooch & Housego, the specialist manufacturer of optical components and systems, posts adjusted pre-tax profits of £14.2m for the year to the end of September - 9.7% up on last time.

Revenues rose by 9.3% to £86.1m and the total dividend of 9.0p per share is up 9.8%. Pre-tax profits on a statutory basis were flat at £10.1m.

Chief executive Mark Webster said: "During FY 2016 G&H made good progress with its strategic goals of further diversification and moving up the value chain; we met our financial objectives; made a number of strategically important investments and have acquired two highly complementary companies.

"These strategic initiatives combined with a record year end order book mean we are well placed for future material growth."