Johnson Electric Holdings (HK:0179) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Johnson Electric Holdings Limited reported a slight 2% decrease in sales for the first quarter of FY 24/25, with currency fluctuations unfavorably impacting the figures. The Automotive Products Group’s sales remained steady, seeing a 1% increase excluding currency effects, while the Industry Products Group faced a 10% decrease amid challenging market conditions. The company emphasized resilience in its automotive sector and proactive management in its industrial products division amidst a cautious consumer spending environment.
For further insights into HK:0179 stock, check out TipRanks’ Stock Analysis page.
