Deswell Industries, Inc. announces first quarter results;sales increase 18%, net income up 39%.
Business Wire › August 12, 1996
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Deswell Industries, Inc. announces first quarter results;sales increase 18%, net income up 39%.
HONG KONG--(BUSINESS WIRE)--Aug. 12, 1996--Deswell Industries, Inc. (NASDAQ NM: DSWLF and DSWWF) (the "Company") today announced its results for the first quarter ended June 30, 1996.
Net sales for the quarter were $8.6 million, an increase of 18% compared to sales of $7.3 million in the first quarter ended June 30, 1995. Operating income increased 32% to $2.0 million, compared to $1.5 million in the previous year, and net income increased 39% to $1.7 million, compared to $1.2 million in the previous year. Earnings per share increased 6% to $0.37 (based on 4,550,000 weighted average shares outstanding), compared to $0.35 (based on 3,400,000 weighted average shares outstanding) in the first quarter ...See the full content of this document
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