Johnson Matthey's annual profit declines 52% due to falling precious metals prices.
Johnson Matthey's annual profit has declined due to falling precious metals prices. The London-based chemicals maker's pretax profit for continuing operations fell 52% to £164m from £344m, and adjusted pretax profit dropped 19% to £328m from £404m. Revenue also declined by 14% to £12.84bn from £14.93bn. Despite these figures, CEO Liam Condon remains confident in the company's ability to tackle market dynamics and achieve success.
May 23, 2024
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