Johnson Matthey H1 profits rise 3 pct


LONDON, Nov 28 (Reuters) - British metals and chemicals company Johnson Matthey Plc reported on Thursday first-half profits rose three percent and said it expected to make progress year-on-year despite a weaker dollar and lower palladium prices.

Profits before tax, exceptional items and goodwill amortisation for the half year to September 30 rose to 95 million pounds ($147 million) from 92.2 million last year. Analysts forecasts ranged between 92 and 96 million.

The firm, which is the world's largest distributor of platinum and related metals, said in September second quarter trading was in line with its expectations and it expected to deliver underlying profit growth in the first half.



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