HKG:0179

2 stories mentioning HKG:0179Updated 31d ago

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Johnson Electric's Full-Year Profit Slips 23%

Johnson Electric (HKG:0179) recorded a 23% decline in attributable profit in the fiscal year ending March 31 to $202.1 million from $262.8 million a year prior, according to a Thursday Hong Kong bourse filing.Earnings per share stood at $0.2159 from $0.2816 in the corresponding period of the previous fiscal year.The electro-mechanical component firm's sales remained unchanged year over year at $3.65 billion.The company recommended a final dividend of HK$0.44 per share for the period, payable Aug. 12 to shareholders of record as of July 27.

HKG:0179

Asia68d ago

Johnson Electric Warns of Up to 25% Drop in Full-Year Profit

Electro-mechanical component firm Johnson Electric (HKG:0179) expects a 21% to 25% decline in attributable profit for the year ended March 31 to between $207 million and $197 million from a net profit of $263 million a year prior, according to a Tuesday filing with the Hong Kong bourse.The company attributed the forecast to higher selling and administrative staff costs, foreign currency impacts on operating expenses, provisions for claims and compensation, the recognition of a non-cash impairment of intangible assets, and an adverse change in the fair value of certain investments.

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