Smiths Group H1 pretax profits from continuing ops up 7 pct to 134 mln stg |
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Wed, 21 Mar 2007 08:55
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LONDON (AFX) - Security and medical equipment maker Smiths Group PLC has reported a 7 pct rise in H1 headline pretax profits of 134 mln stg for continuing operations despite a significant impact from the weaker dollar, the company said.Headline EPS from continuing activities, excluding the aerospace business which is being sold to General Electric Company, is up 7 pct to 17.4 pence, and operating profits on the same basis are also up 7 pct to 148 mln stg. The net margin improved from 13.8 pct to 14.5 pct, with margins in all three continuing businesses moving ahead, the company said. The interim dividend is up 6.6 pct to 10.5p a share.Smiths said it had a strong start to the year, with the continuing businesses performing well despite the currency headwind, and it has made good progress on completing the sale of Aerospace and establishing the new Smiths GE Detection business.'The outlook for the current financial year and beyond remains encouraging and is in line with management expectations,' it added.paul.sandle@thomson.comps/slm/ps/jagCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Jardine Lloyd FY underlying pretax from cont ops rise; sees sales growth in 2007 