Smiths Group Plc (SMIN.L, SMGZY.PK), on a statutory basis, reported higher first-half pre-tax profit of 188 million pounds, compared with last year's 111 million pounds, with underlying pre-tax profit also rising year-on-year to 223 million pounds, from 217 million pounds. During the first half, profit attributable to Smiths Group shareholders totaled 140.6 million pounds, an increase from 83.8 million pounds in the earlier year period.
Half-yearly statutory earnings per share were 35.4 pence, up from 21.2 pence in the previous year, while headline earnings per share edged up to 40.5 pence, from the prior-year figure of 40.1 pence.
The firm clocked statutory revenue of 1.475 billion pounds for the six months, versus 1.41 billion pounds a year back. Headline revenue rose by 6%. According to the company, the benefit of acquisitions contributed 15 million pounds, which was more than offset by adverse currency translation of 33 million pounds.
In addition, the board has declared an interim dividend of 12.50 pence per share, up 6% reflecting the strong cash conversion in the period. The interim dividend would be paid on 26 April to shareholders registered at the close of business on 2 April. The ex-dividend date is 27 March.
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