15th Mar 2018 13:51
LONDON (Alliance News) - Hill & Smith Holdings PLC said Thursday Chief Financial Officer Mark Pegler sold shares worth GBP319,118 in the FTSE 250-listed infrastructure products maker and metal galvanizer in a transaction on Wednesday.
Pegler - CFO since 2008 - sold 24,000 shares at 1,329.66 pence. Shares in Hill & Smith were 1.3% lower at 1,311.00 pence on Thursday.
The holding of Pegler after the sale was not disclosed.
The sale followed Hill & Smith reporting its "best ever" trading performance in 2017 last Wednesday, with profit and revenue both growing strongly and positive prospects for 2018.
In 2017, pretax profit expanded 45% to GBP70.2 million from GBP48.3 million the year prior. Excluding one-off costs, Hill & Smith explained, underlying pretax profit expanded 15% to GBP78.5 million from GBP68.0 million the year before. This was after revenue advanced 8.3% to GBP585.1 million from GBP540.1 million the year before.
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