Global-Tech Advanced Innovations Inc. (GAI) reported fiscal 2012 net income attributable to shareholders of the company of $1.4 million or $0.46 per share, compared to the net loss attributable to shareholders of $4.0 million or $1.32 per share in the fiscal 2011.
Net sales for the fiscal 2012 rose 21 percent to $69.7 million from $57.5 million in the previous fiscal.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.