Johnson Electric posted a 4 per cent fall in total sales, which the electronic component manufacturer blamed on weaker demand and currency movements. The company's sales declined to US$2.06 billion year on year for the 12 months up to March 31, while net profit rose 2.5 per cent to a record US$191 million.Friday, 17 May, 2013, 4:06am
Johnson Electric Holdings said it would rely mostly on innovative technology and new products to prop up growth this year as labour and raw material costs rise.1 Jun 2011 - 12:00am
A story headlined 'Johnson Electric tips rise in sales, margins' on July 21 should have said Johnson Electric acquired Saia-Burgess for US$548 million, not US$4.5 billion.25 Jul 2006 - 12:00am
Expensive inputs squeeze margins as restructuring costs and declining fortunes of US carmakers hurt company revenues
Micromotor maker Johnson Electric Holdings has posted a 33.44 per cent fall in net profit for the year ended March on restructuring costs and higher materials costs.6 Jun 2006 - 12:00am
Micro-motor manufacturer Johnson Electric Holdings is looking to its new trading and venture capital divisions to boost sluggish turnover growth, but analysts warn that higher revenues will come at the cost of lower margins.7 Oct 2005 - 12:00am
About a year ago SHK Financial Group began coverage of the world's second-biggest mini-motor producer, Johnson Electric, with a 'hold' recommendation, fearing a bottleneck in company growth. The broker set a 12-month target price of $7.20. At the time the counter was trading at $7.50.28 Aug 2005 - 12:00am
Local companies' stocks which benefit from global recovery and steady mainland economic growth are a good bet for short- to medium-term investment, according to strategists and fund managers.
They suggest that companies involved in the trade and export sectors, like Li & Fung and Johnson Electric, would also benefit from recovering United States and European economies.3 Mar 2002 - 12:00am
Johnson Electric Holdings' interim profits have slumped by a worse-than-expected 25 per cent to US$60.06 million, according to the company.
Johnson, the world's second-largest micro-motor maker, blamed the poor performance on slack demand for almost all the group's products as clients deferred orders.12 Dec 2001 - 12:00am
JOHNSON Electric makes micro-motors for car parts, consumer products, home appliances and power tools.
ABN Amro recently put a buy on the stock, pointing to strong earnings outlook and rising cash flow. It believes the economic slowdown in the United States and Europe will help rather than hurt Johnson Electric, as Western companies increase outsourcing to reduce costs.29 Nov 1998 - 12:00am
JOHNSON Electric Holdings designs, manufactures and markets micromotors used in personal-care products, office equipment, tools, toys and motor accessories.
Last year, ING Barings Securities (Hong Kong) put a buy on the stock, saying lower input prices would aid earnings growth.19 Apr 1998 - 12:00am