(Corrects second paragraph to say company expects lower margins
for the first half of 2014, not full year)
March 6 British engineer IMI Plc said
adjusted pretax profit for the full year rose 8 percent boosted
by a surge in orders in its severe service division, which
caters mainly to the energy market.
The company, a specialist in fluid control systems such as
valves for process flow for power, nuclear, oil & gas and
petrochemical plants, expects margins in the first half of 2014
to be slightly lower than the corresponding half last year.
Pretax profit for the year ended Dec. 31 increased to 321.6
million pounds ($538.1 million). Revenue rose 3 percent to 1.7
($1 = 0.5977 British Pounds)
(Reporting by Aashika Jain in Bangalore; Editing by Gopakumar