UK metal products supplier Hill & Smith
increased its finance lease repayments by 150 percent during its
latest financial year.

Hill & Smith’s latest results, published
on Tuesday this week, show that it repaid £3.5 million (€3.8
million) in finance lease liabilities during the six months up
to June 30 2009, compared with £1.4 million during the same period
the year before.

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Its equivalent finance obligations during 2007
totalled £2.3 million.

The company reported operating profits of £12
million on revenues of £99.7 million during its latest financial
year.

Brendan Malkin

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