for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Markets News

Johnson Matthey's HY profit slumps on pandemic hit

Nov 19 (Reuters) - Chemicals maker Johnson Matthey on Thursday reported a slump in half-year profit and stayed away from providing an outlook for 2021, as the pandemic continued to dent demand for its pollution filters.

The company, one of Europe’s leading producers of autocatalysts, said profit before tax for the six months ended Sept. 30 slumped to 26 million pounds ($34.44 million) from 225 million pounds last year.

($1 = 0.7550 pounds)

Reporting by Aakash Jagadeesh Babu in Bengaluru, Editing by Sherry Jacob-Phillips

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up