BRUSSELS, June 2 (Reuters) - Johnson Matthey, theworld's biggest maker of metal catalysts for caremission-control devices, forecast higher results in the comingyear after restructuring and due to improved market conditions.
The firm said on Thursday that pre-tax profit for the yearended March 31 fell by 5 percent to 418.2 million pounds ($603.3million) after hefty restructuring charges, just ahead of theaverage 415 million pounds in a Thomson Reuters poll.
The firm said profits for this year should improve afteractions taking to cut costs and exceptional impairment andrestructuring charges of 141 million pounds ($203 million).
The ratio of net debt to core profits declined to 1.1 times.($1 = 0.6931 pounds) (Reporting by Barbara Lewis; editing by Philip Blenkinsop)