Pilkington Reports Positive Results For Year Ending March 2001

The Pilkington Group reported a third consecutive year of profit growth for the year ending 31 March 2001, with profit before exceptional items and taxation of £216m, an increase of 23% over the year ending March 2000. Turnover from continuing operations, including joint ventures and associates, was £2.8bn, 7% more than the previous year. Exceptional items during the year were £44m, £9m for the settlement of long standing litigation in the US and the balance of £35m being redundancy payments and restructuring costs. Profit before tax, after charging these exceptional items was £172m.