Johnson Electric expects 1H sales down 6%

Johnson Electric (0179) announced that deteriorating global economic conditions are having an adverse impact on demand for its range of small precision motors products, which have applications in a number of consumer and industrial sectors. The company expected to report a decline in sales of approximately 6% in the first half of this fiscal year. Base on preliminary sales data, the company expected to report a decline in sales compared to the same period in 2000 of approximately 6%. Impact on the profit remains to be determined at the moment.

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