Johnson Matthey: underlying EPS up 10% in 2018-19
(CercleFinance.com) - The Johnson Matthey share is down almost 4% in London towards midday on Thursday, after the group published EPS that is up 10% at 228.
8 pence, with pre-tax profit growth of 8% to 523 million pounds (underlying data in respect for FY 2018-19).
Again in underlying terms, the British chemicals group posted 10% sales growth to over 4.2 billion pounds (excluding precious metals), boosted by strong growth in air purification.
Johnson Matthey has proposed a 7% increase in its dividend per share for 2018-19, at 85.5 pence, and is looking for 2019-20 growth in operating performance at constant exchange rates that is in the mid- or high single-digit range.
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