- Industry and research technology product supplier Oxford Instruments posted a 3.8% rise in annual profit as it boosted its order book.

Pre-tax profit for the year through March rose to £35.5m, up from £34.2m on-year.

Revenue rose 12% to £333.6m, while adjusted profit rose 12% to £47.5m.

Orders rose 13% to £353.5m, or by 12% in constant currency terms.

The company declared a full-year dividend of 14.4p, up 8.3% on-year.

'We have made good progress in the year with the continued implementation of our Horizon strategy, which is delivering good growth and improved profitability,' chief executive Ian Barkshire said.

'We are serving attractive markets with long-term fundamental growth drivers and focusing on segments where we can maintain leadership positions.'

'While mindful of the backdrop of geopolitical and market uncertainty, we remain focused on improving the business and expect to make further progress in the year.'

At 8:03am: [LON:OXIG] Oxford Instruments PLC share price was +24p at 1110p

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