Interim results revealed.

Pilkington has released its interim results for the half year to 30 September 2000. Turnover in the first half was 1.36 billion [pounds sterling] and continuing businesses reported an increase in underlying volumes of 4%. Operating profits before exceptional items were 139 million [pounds sterling],

Building products sales including joint ventures and associates were 686 million [pounds sterling], up by 6%, and operating profits increased by 27% to 103 million [pounds sterling], against 81 million [pounds sterling] in 1999. Sales volumes in the European Building Products business increased by 4% and operating profits rose by over 50%. Demand for float glass and processed glass products was strong throughout the period and glass prices strengthened substantially. All float glass plants ran at full capacity. Although the cost of energy rose during the period, the strong business performance absorbed the impact.

In North America which accounts for 15% of Group Building Products' sales, demand continued at a high level throughout the first half. In Mexico, Vitro Plan (VVP -- Group share 35%) continued to perform strongly. Sales revenue increased by over 10%, due mostly to a business acquisition in the USA.

South American sales rose significantly and profits doubled compared with the first half of 1999, when the Argentine tank was under repair for three months. The Australian business also performed well, increasing profits on the back of well controlled costs and firm glass prices.

Automotive products sales, including associates and joint ventures, were 668 million [pounds sterling], an increase of 5%. Operating profits in this sector rose by 18% to 45 million [pounds sterling].