Summary.

Half year results for the six months ended 30th September 2011

  Half Year to 30th September %
  2011 2010 change
Revenue £5,900m £4,562m +29
Sales excluding precious metals £1,293m £1,104m +17
Profit before tax £195.1m £144.1m +35
Total earnings per share 70.3p 49.2p +43
Underlying*:      
Profit before tax £203.0m £164.3m +24
Earnings per share 72.8p 56.3p +29
Dividend per share 15.0p 12.5p +20
* before amortisation of acquired intangibles, major impairment and restructuring charges, profit or loss on disposal of businesses and, where relevant, related tax effects

Johnson Matthey continues to perform well:

Business Overview

Commenting on the results, Neil Carson, Chief Executive of Johnson Matthey said:

“Johnson Matthey continued to perform well in the first half of 2011/12 with growth across all of the group’s divisions and a 29% increase in underlying earnings per share.

The short term prospects for the global economy are difficult to predict. Nonetheless we believe that Johnson Matthey is well placed and we currently anticipate that the group’s results in the second half will be slightly ahead of those for the first six months of the year.

Notwithstanding current macroeconomic uncertainties, the drivers for our business remain robust. In addition, we continue to increase our investment in research and development to position the group for longer term growth.”