Engineering firm Renishaw reports 'record results'

Sir David McMurtry
Image caption Sir David McMurtry announced the "record results"

A Gloucestershire engineering firm has announced "record results" in the last six months of 2010.

In 2009, Renishaw, based in Wotton-under-Edge, shed more than 300 jobs and staff were put on a four-day week after sales fell drastically.

In December the company announced it was creating 125 new vacancies in 2011 after a turnaround.

The company now says in the six months to 31 December, total group revenue was 75% ahead of the previous year.

In the interim report released on Wednesday, Sir David McMurtry, the company's chairman and chief executive, said: "Total group revenue for the six months to 31st December 2010 was £129.3m, 75% ahead of the £73.9m for the corresponding period last year and, more significantly, 26% above the previous highest first half year revenue of £102.7m reported in 2009."

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