Hill & Smith Holdings PLC, a prominent international group in the manufacture and supply of infrastructure products and galvanising services to global markets, achieved 8.5% revenue growth to US$657.16 million (£440.7mn) in the calendar year 2012, compared to $605.72 million (£406.2mn) the previous 12 months.
The Group’s underlying profit before tax was also up 8% to $60.24 million (£40.4mn), from $55.77 million (£37.4mn) in 2011. Just over three quarters – 76% - of profits were generated last year from overseas operations, including 50% from the US, a year ahead of plan.
Meanwhile, Hill & Smith Holdings PLC saw a significant net debt reduction last year to $129.43 million (£86.8mn), down $25.35 million (£17mn) on 2011.
Commenting on the published trading figures Derek Muir, chief executive of Hill & Smith Holdings PLC, said: “I am pleased to report another strong performance from the group’s infrastructure products and galvanising services businesses.
“Our strategy of complementing organic growth with selective acquisitions, combined with our significantly greater international spread, resulted in the continued generation of increased earnings, dividends and shareholder value.”
Muir said 2013 trading had started slowly, which will lead to earnings being weighted towards the later part of the year. “Nevertheless the board remain confident that our international diversity will continue to provide resilience in the short term and significant organic growth in the medium to longer term,” added Muir.
The Group’s underlying profit before tax was also up 8% to $60.24 million (£40.4mn), from $55.77 million (£37.4mn) in 2011. Just over three quarters – 76% - of profits were generated last year from overseas operations, including 50% from the US, a year ahead of plan.
Meanwhile, Hill & Smith Holdings PLC saw a significant net debt reduction last year to $129.43 million (£86.8mn), down $25.35 million (£17mn) on 2011.
Commenting on the published trading figures Derek Muir, chief executive of Hill & Smith Holdings PLC, said: “I am pleased to report another strong performance from the group’s infrastructure products and galvanising services businesses.
“Our strategy of complementing organic growth with selective acquisitions, combined with our significantly greater international spread, resulted in the continued generation of increased earnings, dividends and shareholder value.”
Muir said 2013 trading had started slowly, which will lead to earnings being weighted towards the later part of the year. “Nevertheless the board remain confident that our international diversity will continue to provide resilience in the short term and significant organic growth in the medium to longer term,” added Muir.
