UK's Smiths News jumps on FY profit beat, special dividend

Smiths News

05/11/2024 08:17

** Shares of Smiths News  SNWS.L  rise 8.8% to 62p, among
top pct gainers on FTSE smallcaps  .FTSC  index  
    ** Shares hit highest level since May 24 
    ** British firm posts FY adj operating profit ahead of
market expectations, proposes special dividend 
    ** FY24 adj operating profit 39.1 mln pounds ($50.7 mln) vs
market view of 38.1 mln pounds, per company compiled consensus 
    ** Proposes special dividend of 2 pence per share 
    ** Stock up ~16% so far this year 



($1 = 0.7706 pounds)

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))