Moody's: Johnson Electric's 1H FY2017 results support its Baa1 rating
Hong Kong, November 14, 2016-- Moody's Investors Service says that Johnson Electric Holdings Limited's financial results for 1 H of the fiscal year ending 30 March 2017 were in line with Moody's expectations and support its Baa1 issuer rating, as well as the stable rating outlook. "Johnson's year-on-year revenue growth in 1 H FY2017 registered a robust 34%, driven by the contribution of companies that it acquired," says Stephanie Lau, a Moody's Assistant Vice President and Analyst.
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