25th Sep 2015 15:39
LONDON (Alliance News) - Smiths Group PLC Friday said Chairman George Buckley bought 5,000 shares at a price of USD15.87 per share Thursday.
The purchase is his only holding.
Smiths Group on Wednesday had reported its full-year financial results. It said an improvement in margins helped its profit to edge higher in the year to the end of July, despite revenue falling.
The company, which has operations spanning energy services, medical devices and security sensors, said its pretax profit for the year was up to GBP459.0 million from GBP445.0 million a year earlier. The increase in profit was driven by a better operating margin in the year, up to 17.6% from 17.1%, which offset a 2% decline in revenue to GBP2.90 billion from GBP2.95 billion.
The stock was up 2.1% at 995.50p at the close Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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