Hill & Smith announces £100M share buyback as profit rises

Investing.com -- Hill & Smith PLC (LON:HILS) has announced a £100 million share buyback program while reporting a 4% increase in revenue and an 11% rise in underlying operating profit on a constant currency basis for the first half of the year.

The company stated that its full-year expectations remain unchanged despite facing more challenging conditions in UK markets, where activity has been subdued, particularly in road infrastructure.

The infrastructure products group did not provide specific figures for the revenue and profit increases in its trading update.

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