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UK's Renishaw sees annual profit more than doubling

March 26 (Reuters) - Engineering firm Renishaw Plc said on Friday it expects to report a more than two-fold surge in annual profit on strong demand from semiconductor and consumer electronics markets, and as it continues to cut costs.

The company, which is seeking a buyer, expects adjusted pre-tax profit between 105 million pounds ($144.56 million) and 125 million pounds. It reported a profit of 48.6 million pounds last year. ($1 = 0.7264 pounds) (Reporting by Priyanshi Mandhan in Bengaluru; Editing by Ramakrishnan M.)

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