7th Mar 2018 08:59
In 2017, pretax profit expanded 45% to
Profit performance was also helped by the decline in restructuring and asset impairment costs in 2017 compared to 2016. Restructuring costs fell to
Excluding one-off costs, Hill & Smith explained, underlying pretax profit expanded 15% to
Hill & Smith - a FTSE 250-listed infrastructure products maker and metal galvanizer - hiked its final dividend per share 15% to
"Hill & Smith has delivered its best ever trading performance in 2017 with good organic revenue and profit growth, supported by targeted bolt-on acquisitions and the restructuring of under-performing assets, improving overall returns and shareholder value," Hill & Smith Chief Executive Officer Derek Muir said.
"Our performance remains underpinned by our consistent and proven strategy of international diversity combined with the leading positions our businesses hold in their respective markets," Muir added. "Prospects in our core US and
"Overall," Muir concluded, "despite political and macro-economic uncertainties, we remain well positioned to again deliver another year of progress."
Shares in Hill & Smith were 10% higher at
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