JMAT’s preliminary FY figures saw sales unchanged at £3,177m (ex precious metal trading), but the operating profit dropped 21% to £419m, suffering from higher impairment and restructuring charges. Net income attributable to shareholders declined from £427m to £326m. Operating CF swelled up from £126m to £867m, predominantly forced by NWC’s swing from £-387m to £411m, which was mainly attributable to lower inventories and receivables.
02 Jun 2016
Mixed pickles continued
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Mixed pickles continued
Johnson Matthey Plc (JMAT:LON) | 1,854 -296.6 (-0.9%) | Mkt Cap: 3,401m
- Published:
02 Jun 2016 -
Author:
Martin Schnee -
Pages:
4
JMAT’s preliminary FY figures saw sales unchanged at £3,177m (ex precious metal trading), but the operating profit dropped 21% to £419m, suffering from higher impairment and restructuring charges. Net income attributable to shareholders declined from £427m to £326m. Operating CF swelled up from £126m to £867m, predominantly forced by NWC’s swing from £-387m to £411m, which was mainly attributable to lower inventories and receivables.