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Johnson Matthey reports rise in profits and sales

1:44 AM MDT | June 5, 2014 | Deepti Ramesh

Johnson Matthey (London) reports a 24.9% rise in profits for the company’s fiscal year, ended 31 March, compared with the previous fiscal year, to £338.7 million ($566 million). Full-year sales increased nearly 4%, to £11.2 billion. During the fiscal year, the company’s emission control technologies business exceeded expectations, benefiting from growth across all regions and new heavy-duty diesel (HDD) legislation, particularly in Europe, Johnson Matthey says. The process technologies business also grew strongly, helped by last...

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