August 8, 2018 / 6:26 AM / in 2 months

UK's Hill & Smith reports 12 percent slump in H1 core earnings

Aug 8 (Reuters) - Infrastructure products maker Hill & Smith Holdings Plc posted a 12 percent drop in half-year core earnings on Wednesday, hurt by short-term project delays in the UK’s roads programme and utilities market.

The company, which also flagged a “cautious investment environment” in Britain, said profit before tax fell to 33 million pounds ($42.72 million), for the six months ended June 30, from 37.4 million pounds in the year-earlier period.

$1 = 0.7726 pounds Reporting by Muvija M in Bengaluru; Editing by Bernard Orr

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