Johnson Matthey Posts Drop In Profit, Lifts Dividend

Johnson Matthey PLC

reported a 13% drop in its pretax profit for the year ended March 31 and lifted its dividend. Johnson Matthey's revenue for the year declined to 10.73 billion, from GBP12.02 billion, in the year-ago period. Its profit before tax fell to GBP354.9 million from GBP409.3 million. Johnson Matthey's earnings per share declined to 133.5 pence from 146.9 pence, while underlying earnings per share dropped to 150.0 pence from 153.7 pence. Johnson Matthey shares closed at $80.00 yesterday.