18th Sep 2013 06:30
LONDON (dpa-AFX) - Technology firm Smiths Group Plc's (SMIN.L) annual pre-tax profit climbed to 441.8 million pounds, from 365.9 million pounds, and headline pre-tax profit edged up to 498 million pounds, from 497 million pounds last year. Profit attributable to Smiths Group shareholders was 356.6 million pounds this year, higher than 256.6 million pounds reported a year back.
Full-year earnings per share amounted to 89.7 pence, an increase from the prior-year figure of 64.9 pence. Basic headline earnings per share from continuing activities were 92.7 pence for the period, reflecting higher headline operating profit and lower interest charge which has been mostly offset by the reduction in its share of profit from the associate, Cross Match Technologies, which was sold in July 2012.
For the year ended July 31, 2013, revenue on continuing operations totaled 3.11 billion pounds, versus the previous year's 3.03 billion pounds. Headline revenue rose 2% to 3.109 billion pounds. The net impact of acquisitions and disposals contributed 15 million pounds, which more than offset adverse currency translation of 9 million pounds. On an underlying basis, excluding currency translation and acquisitions, revenue grew 65 million pounds, chiefly driven by strong growth in Smiths Detection, John Crane and Flex-Tek, that more than offset underlying revenue declines in Smiths Medical and Smiths Interconnect.
Further, the board has recommended a final dividend of 27.0 pence per share giving a total for the year of 39.5 pence, up 4%. The final and special dividends would be paid on November 22nd to shareholders registered at the close of business on October 25th. The ex-dividend date is October 23rd.
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