Oct 15 (Reuters) - British engineering group Renishaw Plc said on Tuesday its first-quarter profit plummeted 85%, dented by a slump in demand for its precision measurement equipment and ongoing global trade disputes.
Statutory profit before tax for the three months ended Sept. 30 came in at 5.1 million pounds ($6.47 million) compared with 33.5 million pounds a year ago, the company said, with revenue in its biggest unit falling nearly 19%.
$1 = 0.7885 pounds Reporting by Pushkala Aripaka in Bengaluru, Editing by Sherry Jacob-Phillips
