logo
Plus   Neg
Share
Email

Highway Holdings Turns To Profit In Q2

Highway Holdings Limited (HIHO) reported that its net income for its fiscal 2018 second quarter ended September 30, 2017 was $211,000 or $0.06 per share, compared with a net loss of $128,000 or $0.03 per share a year earlier.

Net income for the second quarter reflects a currency exchange loss of $7,000 compared with a $43,000 currency exchange gain for the same period last year.

Net sales for the fiscal 2018 second quarter increased 9.5 percent to $4.6 million from $4.2 million in the same quarter a year earlier.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Alcoa Inc. (AA), the largest producer of aluminum in the US, Wednesday reported a third-quarter adjusted profit that trumped Wall Street estimates, driven largely by revenue growth. New York-based Alcoa reported third-quarter loss of $41 million or $0.22 per share, compared with profit of $113 million... Tesla Inc. (TSLA) CEO Elon Musk plans to buy $20 million of the luxury electric car company's stock, according to a filing with the Securities and Exchange Commission. "Separate and apart from the settlement, Elon has notified Tesla that he intends to purchase from Tesla, and Tesla expects that it... Tesla Inc. has acquired an 864,885-square meter plot in Shanghai's Lingang area for its new factory in China, the world's largest market for electric vehicles, according to media reports. The new factory will be the electric car maker's first Gigafactory outside the U.S. In July, Tesla confirmed it has signed a deal with the Shanghai Municipal Government to start building Gigafactory 3.
Follow RTT