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Johnson Matthey reports 22% increase in first-half profits

7:03 AM MST | November 21, 2013 | Francinia Protti-Alvarez

Johnson Matthey (London) reported £174.3 million ($281.1 million) in profit for its fiscal first half ended 30 September 2013, an increase of about 22% on the same period the year before. Revenue increased to £6.41 billion during the reported period, up 31% year-on-year (YOY). The precious metals division was by far the largest revenue-generating stream, and contributed £5.07 billion to total sales. "Johnson Matthey delivered a strong performance in the first half of 2013-14 driven primarily by good growth in emission-control technologies...

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