Pilkington plc, headquartered in the U.K., released its earnings
for the first half of 2004, through September 30. Profit on ordinary
activities before taxation was at GBP 87 million (USD 160 million),
compared to last year at GBP 84 million (USD 154 million). According
to a company news release, results were in line with expectations.
"The group's results in the first six months of the year
confirm the expectations set out in our previous statements, with
robust profits achieved, despite rising costs and the impact of
the strong pound," said Sir Nigel Rudd, chairperson. "Indeed,
headline profit at constant exchange rates was up 14 percent.
Continued strong cash generation has enabled the group to reduce
borrowings by 20 percent in the last twelve months. Conditions
in most of our markets remain challenging, although the demand
outlook is becoming somewhat more positive."