Johnson Matthey H1 Pretax Profit Down 6%

Johnson Matthey PLC

posted a 6% drop in its first-half pretax profit. Johnson Matthey's pretax profit for the period fell to 183.4 million pounds, from GBP195.1 million, in the year-earlier period. Its adjusted pretax profit came in at GBP191.2 million. Johnson Matthey's revenue dropped to GBP4.89 billion from GBP5.90 billion, while adjusted earnings per share rose to 72.9 pence from 72.8 pence. Johnson Matthey shares gained 2.33% to close at $74.79 yesterday.