Companies: OXIG   

Oxford's interims were disappointing, showing pre-tax profits (before £0.6m of exceptional costs) cut from £4.3m to £2.3m, on group turnover down from £104m to £95m, as the analytical division (which supplies depressed semiconductor and telecoms markets) was brought back to breakeven and the medical business continued to make losses. Thankfully for shareholders, rising turnover and margins helped the superconductivity division move from nearly £1m of losses to a profit of £1.9m. Meanwhile the Oxford Magnet Technology joint venture with Siemens saw OI's share of profits more than halve to £1.2m. Costs have been cut and processes improved, but the shares are only just off their year-low following the figures, reflecting bad times for technology companies. Hold.

Oxford Instruments	LSE	£63.97m	129.50p	2.50p
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Other company articles:
Oxford Instruments: focused and flourishing			30/06/2008
Interim profits fall at Oxford Instruments			14/11/2002
Oxford Instruments			13/11/2002
Oxford Instruments			07/06/2002
techMARK Report			02/05/2002