Brief: Johnson Electric posts 18 pct drop in full-year net profit

Johnson Electric Holdings

17/05/2016 09:27

May 17 (Reuters) - Johnson Electric Holdings Ltd  0179.HK : 
 * Annual results announcement for the year ended 31 March 2016  0179.HK  
 * FY sales $2.24 billion versus $2.14 billion 
 * FY net profit attributable to shareholders totalled US$173 million, down 18% 
 * For final dividend board considers it prudent to recommend maintaining the 
   prior year's figure of 34 HK cents per share 
 * Expect to see revenue and earnings base in 2016/17 financial year benefit 
   from a FY contribution from Stackpole International" 
 * It remains difficult to be optimistic about the prospects for a sustained 
   uptick in overall demand 
 
   Source text for Eikon  ID:nHKS51SBBT  
 
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