UK Tomkins sees underlying sales, profit up in '04

Newswire

LONDON, Feb 26 (Reuters) - British engineer Tomkins Plc expects sales and profit to grow year-on-year in 2004 on an underlying basis, but its reported performance will be hostage to the U.S. dollar, its Chief Executive said. "On an underlying basis, yes," James Nicol told Reuters in an interview on Thursday when asked if the firm, which posted a nearly six percent drop in reported operating profit for 2003, expected profit and sales to rise in 2004. Nicol said he expected the firm's ...

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