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Hill & Smith H1 Underlying Pretax Profit Declines; Revenues Down 10% Organically

Hill & Smith Holdings Plc (HILS.L) reported pretax profit of 19.5 million pounds for the 6 months ended 30 June 2020 compared to 33.4 million pounds, prior year. Earnings per share was 19.6 pence compared to 33.6 pence. Underlying pretax profit declined to 22.8 million pounds from 36.9 million pounds. Underlying earnings per share was 22.9 pence compared to 37.2 pence.

First half revenue was 315.6 million pounds, 7% lower than prior year, including a translational currency benefit of 3.1 million pounds. Organically, revenues were 10% below prior year.

The Board announced the resumption of dividend payments with the declaration of an interim dividend for fiscal 2020 of 9.2 pence per share. The interim dividend will be paid on 8 January 2021 to shareholders on the register on 4 December 2020.

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