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British engineer Smiths profit rises on strength in security scanners unit

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British engineer Smiths profit rises on strength in security scanners unit

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(Reuters) – Engineering conglomerate Smiths Group Plc <SMIN.L> posted a 17 percent rise in full-year pre-tax profit on Friday, helped by growth in its security scanners business. Smiths Group, a provider of hospital equipment, industrial services and sensors to detect explosives, said pre-tax profit rose to 528 million pounds ($717.50 million) for the year ended July 31 from 451 million pounds a year ago. The FTSE 100 company’s revenue rose 11 percent to 3.28 billion pounds. Analysts were expecting revenue of 3.296 billion pounds, according to company-compiled estimates.

($1 = 0.7359 pounds) (Reporting By Justin George Varghese in Bengaluru; Editing by Amrutha Gayathri)
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