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Valve maker IMI's results hit by strong pound

Reuters - UK Focus

Feb 27 (Reuters) - British engineer IMI Plc (LSE: IMI.L - news) reported a 3 percent fall in full-year revenue, hurt by a strong pound through most of the year.

The company, which supplies flow-control systems such as valves for power, nuclear, oil and gas and petrochemical plants, reported revenue of 1.69 billion pounds compared with 1.74 billion a year earlier.

Adjusted operating profit fell to 298 million pounds ($460 million) in the year ended Dec (Shanghai: 600875.SS - news) . 31 from 322 million pounds a year earlier. ($1 = 0.6478 pounds) (Reporting by Roshni Menon in Bengaluru; Editing by Gopakumar Warrier)