Brief: Johnson Electric Expects Loss For FY Ended 31 March

Johnson Electric Holdings

04/05/2020 11:26

May 4 (Reuters) - Johnson Electric Holdings Ltd  0179.HK :
    * EXPECTS IMPAIRMENT CHARGE OF ABOUT US$800 MILLION AGAINST
GOODWILL & OTHER INTANGIBLE ASSETS FOR FY (ADDS PERIOD)
    * GROUP EXPECTS LOSS FOR FY ENDED 31 MARCH
    * MEASURES ACROSS EUROPE & NORTH AMERICA IMPLEMENTING
ASSEMBLY
PLANT SHUTDOWNS TO SIGNIFICANTLY IMPACT SALES, ESPECIALLY IN H1
    * BELIEVES IN NEAR TERM HIGH UNEMPLOYMENT WILL ADVERSELY
AFFECT
DISPOSABLE INCOME

Source text for Eikon:  ID:nHKS2dv6sB 
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