Deswell Industries, Inc. Reports Earnings Results for the Six Months and Full Year Ended March 31, 2022
June 16, 2022 at 09:20 am EDT
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Deswell Industries, Inc. reported earnings results for the six months and full year ended March 31, 2022. For the six months, the company reported sales was USD 45.71 million compared to USD 37.2 million a year ago. Net income was USD 4.06 million compared to USD 6.7 million a year ago. Basic earnings per share from continuing operations was USD 0.25 compared to USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.25 compared to USD 0.42 a year ago.
For the full year, the company reported sales was USD 85.49 million compared to USD 64.89 million a year ago. Net income was USD 8.36 million compared to USD 8.23 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 0.51 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. 
