Deswell Industries, Inc. Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2018
November 15, 2018 at 07:00 pm IST
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Deswell Industries, Inc. reported unaudited consolidated earnings results for the six months ended September 30, 2018. For the six months, Net sales of $34,795,000 compared to $29,759,000 a year ago. The operating income was $250,000 compared to $1,585,000 a year ago. Net income attributable to the company of $2,757,000 compared to $3,669,000 a year ago. Basic and diluted income per share of $0.17 compared $0.23 a year ago. Income before income taxes was $2,732,000 against $3,715,000 a year ago. Net cash used by operating activities was $605,000 against cash provided of $2,138,000 a year ago. Purchase of property, plant and equipment was $229,000 against $577,000 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. 
