Hill & Smith Holdings Are Up Despite Sector Gloom ; Engineering

Summary


Shares in Hill & Smith Holdings (HLS) gained four per cent yesterday as the West Midland infrastructure and building and construction products group delivered rare good news for the manufacturing sector.

The 184 year-old company, which generates 43 per cent of profits abroad, announced a 45.5 per cent rise in underlying pre-tax profits to pounds 21.1 million for the first half of 2008.

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Extract


Hill & Smith Holdings Are Up Despite Sector Gloom ; Engineering

It further shrugged off economic gloom with a 50 per cent rise in interim revenues to pounds 264.1 million in the six months to June 30.

Underlyin...

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