Jerash Holdings (US), Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 13, 2023 at 08:05 am EST
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Jerash Holdings (US), Inc. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was USD 33.36 million compared to USD 37.83 million a year ago. Net income was USD 0.365617 million compared to USD 1.79 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.14 a year ago.
For the six months, sales was USD 68.09 million compared to USD 71.26 million a year ago. Net income was USD 0.862143 million compared to USD 3.51 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.28 a year ago.
Jerash Holdings (US), Inc., through its wholly owned subsidiaries, is principally engaged in the manufacturing and exporting of customized, ready-made sportswear and outerwear from knitted fabric and personal protective equipment (PPE) produced in its facilities in the Hashemite Kingdom of Jordan (Jordan). The Company manufactures and exports custom, ready-made, sportswear and outerwear for global brands and retailers. The global brands and retailers include VF Corporation, which owns brands, such as The North Face, Timberland, and Vans; New Balance, G-III, which licenses brands, such as Calvin Klein, Tommy Hilfiger, DKNY, and Guess; American Eagle; and Skechers. Its sportswear and outerwear product offering consists of jackets, polo shirts, t-shirts, pants, and shorts. Its primary product offerings include shorts, pants, and vests. Its PPE product offering consists of branded (washable) and disposable face masks, medical scrubs, protective coveralls, and surgical gowns.
JERASH HOLDINGS (US), INC. 
