JM announces record profits

PUBLISHED: 19:00 11 June 2008 | UPDATED: 15:47 11 May 2010

JOHNSON Matthey has reported record profits. The Royston-based firm announced pre-tax profits of £265million for the last financial year, an increase of 16 per cent on 2006/07. Gross revenue was up 22 per cent to £7.5billion, while sales across the compan

JOHNSON Matthey has reported record profits.

The Royston-based firm announced pre-tax profits of £265million for the last financial year, an increase of 16 per cent on 2006/07.

Gross revenue was up 22 per cent to £7.5billion, while sales across the company rose 20 per cent, from £1.4billion to £1.75billion.

Neil Carson, chief executive of Johnson Matthey, said: "We are increasing our investment in both R&D and new production facilities to meet the growth in demand for new products which is being driven by global concerns about the environment and high energy prices."

Mr Carson said he expected the firm to "perform strongly" again in 2008/09, despite concerns about the global economic slow down.

n Royston Extended Schools initiative has been boosted by a donation from Johnson Matthey.

The money will be used to support projects including summer holiday activities for 11-19 year olds and the formation of a support group for parents of children with ADHD or autistic spectrum disorders.

Extended Schools co-ordinator Cathy Curtis said: "I have been in the post for eight months, and it is great to see how the community is keen to support local schools.

"Support doesn't just mean money. It can be time or experience.

"If any business or individual has a bright idea about how to enrich the lives of our pupils and their families, outside the normal school curriculum, then I'd be very interested to hear about them."

The money will also be used to arrange English lessons for parents for whom English is not their first language.

John Gourd, site planning and services director at Johnson Matthey, said the company was "very pleased" to be supporting the initiative.

He said: "I firmly believe that the initiative will have a very positive benefit for families in the town and surrounding area.

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