Detail akcie Highway Hldg online

Business Summary: Highway Holdings Limited is a holding company. The Company manufactures and supplies various metal, plastic and electric parts, components and products to its original equipment manufacturing (OEM) clients, which are used by the Company's customers in the manufacturing of products, such as photocopiers, laser printers, compact disc players, laser disc players, computer equipment, electrical components, electrical connectors, vacuum cleaners, light fixtures, electro motors, pumps, automobiles and dishwasher, and other washing machine components. The Company operates in two segments: the metal stamping and mechanical OEM segment, and the electric OEM segment. The metal stamping and mechanical OEM segment focuses on the manufacture and sale of metal parts and components, whereas the electric OEM segment focuses on the manufacture and sale of plastic and electronic parts, components and machines.
Financial Summary: BRIEF: For the three months ended 30 June 2024, Highway Holdings Limited revenues increased 39% to $1.9M. Net income totaled $98K vs. loss of $338K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Selling, general and administrative expe decrease of 15% to $658K (expense), Exchange loss, net increase from $17K to $38K (income).