Hill & Smith 1H Revenue, Profit Rose on Pricing Action, Market Resilience

By Kyle Morris

Hill & Smith Holdings PLC said Wednesday that revenue and pretax profit for the first half rose thanks to pricing actions taken to recover input cost inflation and the resilience of its end markets.

The UK-based supplier of infrastructure products said pretax profit for the first half was 31.4 million pounds ($38.2 million) compared with GBP16.1 million a year earlier.

Revenue for the period was GBP349.9 million compared with GBP313.6 million.

Full-year expectations remain unchanged, it said.

The company declared an interim dividend of 13 pence compared with 12 pence a year earlier.

Write to Kyle Morris at kyle.morris@dowjones.com

Leave a Comment