Johnson Matthey FY Pretax Profit From Cont. Ops. Declines; To Acquire CORMETECH

Johnson Matthey reported fiscal year profit before tax from continuing operations of £91 million, down sharply from £403 million a year earlier. Loss per ordinary share from continuing operations was 53.9 pence versus profit of 175.5 pence last year, indicating a significant deterioration in underlying performance.

Analysis

Johnson Matthey reported fiscal year profit before tax from continuing operations of £91 million, down sharply from £403 million a year earlier. Loss per ordinary share from continuing operations was 53.9 pence versus profit of 175.5 pence last year, indicating a significant deterioration in underlying performance.