Johnson Electric optimistic

JOHNSON Electric Holdings, the world's second largest micromotor manufacturer, reported a two per cent rise in profit attributable to shareholders to $338.27 million for the year ended March 1994.

Turnover was also up two per cent to $1.5 billion.

Earnings per share fell 5.33 per cent to 88.7 cents.

A final dividend of 17 cents per share was recommended.

Johnson Electric managing director Patrick Wang said that while recession had continued to affect some of the group's principal markets and customers, the directors were more optimistic for Johnson Electric prospects during the forthcoming fiscal year.

''The group's sales to Europe, particularly to car manufacturers in Germany, showed a decline last year.