LONDON May 23 British engineer Smiths Group Plc
warned that full-year profit in its detection unit
would be 25 million pounds ($42 million) lower due working
capital adjustments, lower volumes and additional costs.
This includes a 9 million pound hit from lower volumes and
lower margin work and 4 million pounds of additional costs from
certain long-running large contracts, the firm said on Friday.
The detection unit makes sensors that detect explosives,
chemical agents and biohazards.
The company had said in March that 2014 earnings would be
reduced by 4-5 percent if foreign exchange rates remained at
current levels. ($1 = 0.5931 British Pounds)
(Reporting by Roshni Menon; Editing by Neil Maidment)