Deswell Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Second Half and Fiscal Year Ended March 31, 2020
June 11, 2020 at 08:45 am EDT
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Deswell Industries, Inc. announced unaudited consolidated earnings results for the second half and fiscal year ended March 31, 2020. For the six months, the company reported net sales were $27,655,000 against $31,786,000 a year ago. Operating income was $257,000 against $283,000 a year ago. Net loss attributable to the company was $2,569,000 against income of $1,516,000 a year ago. Basic and diluted loss per share $0.16 against income of $0.10 a year ago.
For the year, the company reported net sales were $65,368,000 against $66,581,000 a year ago. Operating income was $1,413,000 against $533,000 a year ago. Net loss attributable to the company was $1,320,000 against income of $4,273,000 a year ago. Basic and diluted loss per share $0.08 against income of $0.27 a year ago.
Deswell Industries, Inc. is engaged in the manufacturing and selling of injection-molded plastic parts and components. The Company also provides manufacturing services for electronic products and subassemblies, and manufactures metallic molds and accessory parts for original equipment manufacturers (OEMs) and contract manufacturers. Its segments include plastic injection molding and electronic products assembling. It produces a range of plastic parts and components that are used in the manufacture of consumer and industrial products, using various plastic injection technologies, such as film injection, integrated injection and insert injection. Its products include plastic components of electronic entertainment products; cases for flashlights, telephones, paging machines, projectors and alarm clocks; toner cartridges and cases for photocopy and printer machines; parts for electrical products, such as air-conditioning and ventilators; laser key caps, and automobile components.
DESWELL INDUSTRIES, INC. 
