March 1, 2019 / 7:28 AM / a year ago

Britain's IMI sees lower first-half organic revenue

March 1 (Reuters) - UK-based specialised engineering company IMI Plc said on Friday it expects organic revenue in the first half of 2019 to be lower, hit by slowing demand in the industrial automation sector.

The company, which provides services for the energy and infrastructure sector, said it was increasing inventory levels in anticipation of any border controls or delays ahead of Brexit.

The UK accounts for less than 5 percent of the company’s total sales. (Reporting by Karina Dsouza in Bengaluru; Editing by Shounak Dasgupta)

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