Highway Holdings (HIHO) Reports Q1 EPS of $0.10
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Highway Holdings Reports Fiscal 2016 Second Quarter and Six-Month Results
October 28, 2015 8:31 AM EDTHONG KONG, Oct. 28, 2015 (GLOBE NEWSWIRE) -- Highway Holdings Limited (Nasdaq: HIHO) today reported results for its fiscal 2016 second quarter ended September 30, 2015 -- reflecting gross margin improvement, increased net income and sales gains.
Net income for the fiscal 2016 second quarter increased to $391,000, or $0.10 per diluted share, from $372,000, or $0.10 per diluted share, a year earlier. Net income in the 2015 fiscal quarter included a one-time gain of $112,000 from the sale of used equipment and certain other assets; no such sale occurred in the 2016 period. Excluding the $112,000 one-time sales in 2015, net income for the 2016 fiscal quarter... More
