Johnson Matthey Reports 11% Rise In Profit

Johnson Matthey PLC JMPLY reported an 11% rise in its net profit for the year ended March 31 on Thursday. Johnson Matthey reported its net profit at 182.3 million pounds ($298 million), up from 164.2 million pounds, in the year-ago period. Its revenue surged 27% to 9.98 billion pounds. However, its sales, excluding precious metals, climbed 21% to 2.3 billion pounds. Johnson Matthey shares fell 2.52% to close at $67.60 yesterday. Read more from Benzinga's Company news.