Deswell Industries, Inc. Announces Unaudited Consolidated Financial Results for the First Six Months Ended September 30, 2020
November 10, 2020 at 08:00 am EST
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Deswell Industries, Inc. announced its unaudited consolidated financial results for the first six months of fiscal 2021, ended September 30, 2020. For the six months, net sales were $27.7 million, a decrease of 26.6% compared to $37.7 million for the six months ended September 30, 2019. The Company reported net income of $1.5 million compared to net income of $1.2 million for the six months ended September 30, 2019. Basic and diluted income per share of $0.10 compared to basic and diluted income per share of $0.08 for the first half of fiscal 2021 respectively, for the six months ended September 30, 2019. Operating income was $959,000 against $1,156,000 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. 
