Edition:
India

Johnson Matthey HY Underlying Pretax Profit Of 251 Mln Stg


Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Johnson Matthey PLC ::HY REVENUE 7,108 MILLION STG VERSUS 6,478 MILLION STG REPORTED A YEAR AGO.EXPECT FULL YEAR OPERATING PERFORMANCE TOWARDS UPPER END OF OUR GUIDANCE OF MID TO HIGH SINGLE DIGIT GROWTH.REMAIN ON TRACK WITH OUR PLANS TO COMMERCIALISE ELNO.SEE FY GROWTH IN OPERATING PERFORMANCE AT CONSTANT RATES TOWARDS UPPER END OF PREVIOUS GUIDANCE OF MID TO HIGH SINGLE DIGIT GROWTH.TRADING IN LINE WITH FULL YEAR EXPECTATIONS AND OUR OUTLOOK FOR HEALTH IS UNCHANGED.FOR FULL YEAR, WE CONTINUE TO EXPECT SALES IN HEALTH TO BE BROADLY STABLE AND FOR OPERATING PROFIT TO BE DOWN.HY UNDERLYING PROFIT BEFORE TAX 251 MILLION STG VERSUS 233.1 MILLION STG REPORTED A YEAR AGO.CONFIDENT IN PLANS MADE FOR POSSIBLE BREXIT SCENARIOS, AND WE ARE IN A GOOD POSITION TO MANAGE EFFECTS ON OUR EUROPEAN OPERATIONS.BOARD HAS INCREASED INTERIM DIVIDEND BY 7% TO 23.25 PENCE PER SHARE.WORKING GROUP STARTED TO IMPLEMENT NUMBER OF ACTIONS TO MITIGATE BREXIT RISKS WITH A SPECIFIC FOCUS ON TRADE, REGULATION, PEOPLE.TAKING STEPS TO MINIMISE IMPACT OF DISRUPTION IN OUR SUPPLY CHAIN BECAUSE OF BREXIT, FOR EXAMPLE THROUGH BUILDING INVENTORY.CAPITAL EXPENDITURE FOR FULL YEAR IS EXPECTED TO BE UP TO £350 MILLION.