Deswell Industries, Inc. Declares Dividend for the Second Quarter Ended September 30, 2014, Payable on January 30, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014
January 08, 2015 at 07:00 pm IST
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Deswell Industries, Inc. announced that on January 8, 2015 its board of directors declared a cash dividend of $0.05 per share for the fiscal second quarter ended September 30, 2014. The dividends will be payable on January 30, 2015 to shareholders of record as of January 22, 2015.
The company reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported net sales of $10,193,000 against $11,869,000 a year ago. Operating loss was $1,873,000 against $1,519,000 a year ago. Loss before income taxes was $1,642,000 against $1,152,000 a year ago. Net loss attributable to the company was $1,702,000 or $0.106 per share basic and diluted against $1,228,000 or $0.076 per share basic and diluted a year ago.
For the six months, the company reported net sales of $19,117,000 against $22,989,000 a year ago. Operating loss was $2,686,000 against $2,911,000 a year ago. Loss before income taxes was $1,567,000 against $2,794,000 a year ago. Net loss attributable to the company was $1,688,000 or $0.105 per share basic and diluted against $2,948,000 or $0.181 per share basic and diluted a year ago.
Deswell Industries, Inc. is engaged in the manufacturing and selling of injection-molded plastic parts and components. The Company also provides manufacturing services for electronic products and subassemblies, and manufactures metallic molds and accessory parts for original equipment manufacturers (OEMs) and contract manufacturers. Its segments include plastic injection molding and electronic products assembling. It produces a range of plastic parts and components that are used in the manufacture of consumer and industrial products, using various plastic injection technologies, such as film injection, integrated injection and insert injection. Its products include plastic components of electronic entertainment products; cases for flashlights, telephones, paging machines, projectors and alarm clocks; toner cartridges and cases for photocopy and printer machines; parts for electrical products, such as air-conditioning and ventilators; laser key caps, and automobile components.
Deswell Industries, Inc. Declares Dividend for the Second Quarter Ended September 30, 2014, Payable on January 30, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014