Deswell Industries Inc. (DSWL) reported a fourth-quarter net loss of $2.00 million or $0.12 per share compared to a net loss of $0.7 million or $0.04 per share in the same quarter last year.
Net sales for the fourth quarter were $9.5 million, a decrease of 22.0% compared to net sales of $12.2 million in the same quarter last year.
Franki Tse, Chief Executive Officer, said, "We are confident, in spite of a challenging year, that we will be able to deliver improved performance in fiscal 2014 for our shareholders."
The company also announced that on June 13, 2013 its board of directors declared a cash dividend of $0.05 per share for the fiscal fourth quarter ended March 31, 2013. The dividends will be payable on July 18, 2013 to shareholders of record as of June 26, 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.