Smiths Group Posts Drop In Profit, Raises Dividend - Smiths Group (OTC:SMGZY)

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Smiths Group PLC (OTC: SMGZY) reported a drop in its profit in the first half of its fiscal year.Smiths Group's pretax profit for the period fell to 132 million pounds ($219.3 million), from a year-ago profit of GBP166 million. Its revenue slipped 2% to GBP1.44 billion. Excluding special items, its pretax profit tumbled to GBP215 million versus GBP223 million. Smiths Group also lifted its dividend by 2% to 12.75 pence versus 12.50 pence.Smiths Group shares closed at $22.69 yesterday.

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