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Investegate |Johnson Matthey PLC Announcements | Johnson Matthey PLC: Preliminary results for year ended 31st March 2021


st March 2021
 
Robert MacLeod, Chief Executive, commented:
Our employees have done a tremendous job adapting to new ways of working through COVID-19, whilst still delivering for our customers. It is thanks to their hard work that we have delivered a robust set of results which, in the context of a pandemic, is especially pleasing and testament to their efforts.
 
Following a challenging first half, we recovered strongly in the second half helped by a strong recovery in our end markets and higher precious metal prices. We are delivering our efficiency programme, tightly managing working capital and generating cash from our more established businesses which we are continuing to invest for growth, particularly in battery materials and hydrogen. In the year we made good strategic progress. We began entering into partnerships to advance the commercialisation of eLNO and secured new customer wins in Fuel Cells. Our invest ....

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Should Zimbabweans worry about tax Exemptions?


Should Zimbabweans worry about tax Exemptions?
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On the 27
th of January 2021 the government of Zimbabwe through the Minister of Finance gazetted the Income Tax (Exemption from Income Tax) (Great Dyke Investments Private Limited) Notice, 2021 or the Statutory Instrument 26 of 2021.  In a context where the country has been exposed for its fragile public health and education services by the Covid-19 pandemic, the act of surrendering the tax rights by government confirms that government is not pro poor. Especially considering that there is no empirical evidence that shows tax incentives attract meaningful mining investment in developing countries. It is baffling to observe that tax exemptions are generously granted to mining companies who engage in harmful and aggressive corporate behaviour that undermine tax revenue mobilisation efforts of the government. At a time when Africa has shifted gears for a continental free t ....

Great Dyke , Zimbabwe General , Great Dyke Investments Private , Platinum Group Metal , Income Tax , Great Dyke Investments Private Limited , Statutory Instrument , Third Schedule , Income Tax Act , Great Dyke Investments , Special Mining Lease Agreement , Value Added Tax , நன்று டைக் , ஸிஂபாப்வே ஜநரல் , நன்று டைக் முதலீடுகள் ப்ரைவேட் , வன்பொன் குழு உலோகம் , வருமானம் வரி , நன்று டைக் முதலீடுகள் ப்ரைவேட் வரையறுக்கப்பட்டவை , சட்டரீதியான கருவி , மூன்றாவது அட்டவணை , வருமானம் வரி நாடகம் , நன்று டைக் முதலீடுகள் , மதிப்பு வரி ,