Solomon203
Johnson Matthey stated that the transaction will be settled in cash. It is set to be finished in the first half of 2026.
The anticipated net earnings from the sale are around 1.6 billion pounds. Simultaneously, 88% of this total will be given back to shareholders, resulting in around £8 per share.
Johnson Matthey has also published initial results for the fiscal year that concluded on March 31.
Pre-tax profit surged to 486 million pounds, and operating profit increased 2.2 times to 538 million pounds. At the same time, income decreased by 9% to 11.4 billion pounds.
On average, analysts forecasted revenue to be 12.08 billion pounds, pre-tax profit to be 733 million pounds, and operating profit to reach 793 million pounds, based on the consensus analysis created by the company.
Johnson Matthey's stock prices jumped by 30% during trading on Thursday. The company's market value has risen nearly 35% since the start of the year (reaching 2.3 billion pounds), while the FTSE 100 stock index gained 7%.
source: ft.com
The anticipated net earnings from the sale are around 1.6 billion pounds. Simultaneously, 88% of this total will be given back to shareholders, resulting in around £8 per share.
Johnson Matthey has also published initial results for the fiscal year that concluded on March 31.
Pre-tax profit surged to 486 million pounds, and operating profit increased 2.2 times to 538 million pounds. At the same time, income decreased by 9% to 11.4 billion pounds.
On average, analysts forecasted revenue to be 12.08 billion pounds, pre-tax profit to be 733 million pounds, and operating profit to reach 793 million pounds, based on the consensus analysis created by the company.
Johnson Matthey's stock prices jumped by 30% during trading on Thursday. The company's market value has risen nearly 35% since the start of the year (reaching 2.3 billion pounds), while the FTSE 100 stock index gained 7%.
source: ft.com