Engineer Smiths Group sees FY rev, profit above expectations

August 9, 2016 6:35 AM

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Aug 9 British engineering conglomerate Smiths Group Plc said it expected its full-year revenue and profit to be more than market expectations, helped by better sales at its Smiths Detection unit and a weaker sterling.

The company said revenue at its John Crane unit, which makes mechanical seals and other products for customers such as BP Plc , Shell and Chevron Corp, fell 10 percent.

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