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Johnson Matthey 1H Pretax Profit Beats Estimate, Raises Dividend 2013-11-21 07:15:41.366 GMT
By Chiara Remondini Nov. 21 (Bloomberg) -- Johnson Matthey 1H underlying pretax GBP212.9m, est. GBP206.7m (3 ests.). * 1H underlying EPS 84.9p, est. 80.8p (3 ests.) * Rev. GBP6.41b vs restated GBP4.89b * Rev. ex. precious metals GBP1.49b vs restated GBP1.31b * Div. 17p/shr vs 15.5p/shr, in line with BDVD forecast * CEO Neil Carson says 1H results exceeded co.’s expectations * Sees 2H performance in line with 1H if impact of loss of Anglo Platinum contracts is excluded * NOTE July 25: Johnson Matthey said FY expectations unchanged, saw “steady progress” in 2013-2014 notwithstanding loss of revenue from Anglo Platinum from Jan. 1 2014 * NOTE Nov. 15: Johnson Matthey to benefit from end-market upturn: Redburn * Statement
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--Editor: Jurjen van de Pol
To contact the reporter on this story: Chiara Remondini in Milan at +39-02-8064-4241 or cremondini@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net