Highway Holdings Reports Fiscal 2019 Fourth Quarter and Year-End Results
Highway Holdings Limited (HIHO)
US:NASDAQ Investor Relations:
highwayholdings.com
Company Research
Source: GlobeNewswire
HONG KONG, July 02, 2019 (GLOBE NEWSWIRE) -- Highway Holdings Limited (Nasdaq: HIHO) today reported results for its fiscal fourth quarter and year ended March 31, 2019 – reflecting the impact of lower orders from certain customers experiencing soft product demand and the loss of business due to continued inflationary pressures in China. Net loss for the fiscal fourth quarter was $186,000, or $0.05 per diluted share, compared with net income of $742,000, or $0.20 per diluted share, in the same quarter a year ago. Net sales for the same period were $3.8 million compared with $4.2 million a year ago. Net loss for fiscal 2019 was $630,000, or $0.17 per share, compared with net income of $1,550,000, or $0.41 per diluted share, a year earlier. Net sales for fiscal 2019 were $14.3 million compared with $19.2 million a year ago. The sales decrease for fiscal 2019 reflects sharply reduced orders from two of the company’s major customers – including a year-over-year sales reduction of a
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HIHO
Sec Filings
- 11/13/24 - Form 6-K
- 10/11/24 - Form 6-K
- 10/1/24 - Form 6-K
- HIHO's page on the SEC website