Hill & Smith (HILS) revealed constant-currency revenue growth and an accompanying 80 basis point bump in the underlying operating margin to 13.3 per cent at the half-year mark. The latter was testament to effective portfolio management, the company unhesitatingly hiving-off non-performing assets. The infrastructure and galvanizing specialist registered a 13 per cent leap in adjusted operating profit to £38.8m, although comparative earnings were flattered by a £7.2m decrease in restructuring charges.
IC TIP:
Hold
at
1,383p