Highway Holdings Ltd. (HIHO) Friday reported a sharp drop in profit for the fourth quarter, due mainly to lower revenues.
The Sheung Shui, Hong Kong-based company's fourth-quarter net profit attributable to shareholders was $92 thousand or $0.02 per share, compared to $789 thousand or $0.21 per share last year.
Total revenues for the quarter dropped to $5.98 million from $7.86 million in the prior-year quarter.
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