Highway Holdings (HIHO) Reports Q4 EPS of $0.04

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Highway Holdings Reports Fiscal 2015 Fourth Quarter/ Year-End Results

June 30, 2015 8:00 AM EDT

HONG KONG, June 30, 2015 (GLOBE NEWSWIRE) -- Highway Holdings Limited (Nasdaq: HIHO) today reported results for its fiscal fourth quarter and year ended March 31, 2015, reflecting a sharp increase in profitability on a year-over-year basis and solid financial strength for the quarter and full year.

Net income for the fiscal fourth quarter increased 11 percent to $161,000, or $0.04 per diluted share, from $145,000, or $0.04 per diluted share, in the same quarter a year ago. Net sales for the same period were $4.9 million compared with $5.4 million a year ago.

Net income for fiscal 2015 increased 93 percent to $1.1 million, or $0.30 per... More