Oxford Instruments (GB:OXIG) has released an update.
Oxford Instruments PLC reported robust revenue growth of 9.8% in constant currency terms for the full year to 31 March 2024, with adjusted operating profit remaining stable despite geopolitical shifts. The company has made strategic adjustments, including exiting sensitive areas in China and focusing on non-sensitive markets, while investing in a new compound semiconductor facility and restructuring into two business divisions to drive future growth. Oxford Instruments also announced a 6.7% dividend increase, reflecting confidence in its financial health and outlook for the upcoming year.
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