Brief: Johnson Electric Posts FY Net Profit Attributable Of US$281 Mln

Johnson Electric Holdings

16/05/2019 10:05

May 16 (Reuters) - Johnson Electric Holdings Ltd  0179.HK :
    * FY TOTAL SALES AMOUNTED TO US$3,280 MLN, INCREASE OF 1%
    * FY NET PROFIT ATTRIBUTABLE INCREASED BY 7% TO US$281 MLN
    * RECOMMENDS MAINTAINING FINAL DIVIDEND OF 34 HK CENTS PER
SHARE
    * IF USA AND CHINA FAIL TO REACH A NEGOTIATED TRADE
AGREEMENT IN
COMING WEEKS,EFFECTS TO BE DISRUPTIVE TO CO'S GLOBAL SUPPLY
CHAIN
    * ABOUT 5% OF CO'S TOTAL ANNUAL SALES VOLUME CURRENTLY
SUBJECT TO
TARIFFS IMPOSED ON GOODS IMPORTED INTO USA FROM CHINA
    * IF US,CHINA FAIL TO REACH NEGOTIATED TRADE AGREEMENT IN
COMING
WKS, MAY LEAD TO HIGHER COST FOR CO'S BUSINESS,
CUSTOMERS,CONSUMERS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS1cYzfq
Further company coverage:  0179.HK 

 (Reuters.Briefs@thomsonreuters.com)