- Hill & Smith Holdings' trading is in line with expectations set out when it reported its 2016 preliminary results in March, shareholders at the annual general meeting today will be told.

An update issued ahead of the meeting said revenue for the period since the start of the year totalled £191.3m (2016: £165.4m, restated to include non-US Pipe Supports), a 7% organic increase after adjusting for currency translation and acquisitions/disposals.

It said: "The positive translational impact of the strengthening of the US dollar and the euro against sterling increased revenue by 6% versus average exchange rates in the first half of 2016.

"Underlying operating profit and operating margin are ahead of the same period last year."

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