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Smiths Group – Good Performance As Profits Fall

Smiths Group plc SMN  delivered another good performance in the first half with sustainable growth according to the Group Chief Executive or further good growth if you believe in the highlights. If you believe in the statistics this meant a 2% rise in revenue leading to 1% falls in pre tax profit,, profit after tax and basic earnings per share for the half year to the 31st January. On an underlying basis the falls came in at 2%, except for the dividend  which is being increased by 2.2%. To help the situation Smith Medical is to be separated  to prevent the strong results from John Crane, Flex-Tek and Smiths Interconnect being offset by the decline in Smiths Medical and Smiths Detection.

Robinson plc RBN reports improved revenues and profits for 2018 and expect to achieve double-digit sales growth again in 2019 as well as a marked step-up in profitability, ahead of market expectations,. Revenue rose by 10% for the year to 31st December and  operating profit rose to £1.5m from £1.3m in 2017. The dividend remains unchanged at 3p. per share.

Maistro plc MAIS 2018 saw  a successful completion of the re-branding of the business in January 2018 which lead to revenue which led to revenue increasing by 154% compared to 2017. Gross profit was up by 30% but the loss for the year rose by 29%.

Job Vacancies;  One Donald Trusk announces with a complete lack of humour that Hell is still empty.

EasyJet EZJ has tried to work out what will happen to its ownership depending on which type of Brexit does or does not take place. Like the rest of us it  failed miserably and appears to have ended up in total confusion.


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