Brief: Johnson Electric says HY net profit up 23 pct to $121 mln

Johnson Electric Holdings

09/11/2016 08:53

Nov 9 (Reuters) - Johnson Electric Holdings Ltd  0179.HK  
    * hy net profit attributable to shareholders up 23% to 
us$121 million 
    * hy sales $ 1.37 billion versus $1.02 billion a year ago 
    * interim dividend increased by 7% to 16 hk cents per share 
    * " in short term, we expect positive trajectory of first 
half to continue during remainder of current financial year." 
    * there is element of seasonality in business that tends to 
see lower sales levels in second half which this year may also 
be negatively impacted 
    * optimistic that results for 2016/17 financial year will be 
a positive improvement over prior year 
    * financial performance in second half likely to be somewhat 
below levels achieved in first half. 
 
Source text for Eikon:  ID:nHKS3j6rvt  
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