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Article: Ault Incorporated Reports Fourth Quarter and Fiscal Year 2005 Results and Restatement of Prior Periods.
- Article from:
- Business Wire
- Article date:
- August 5, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS -- Company Results Adjusted to Reflect the Sale of Ault Korea and Restated to Correct Accounting Errors Related to its China Operations; Conference Call Set for August 9 at 8:00 a.m. CT
Ault Incorporated (Nasdaq:AULT) today reported results for the fourth quarter and fiscal year ended May 29, 2005 and restatement of prior period results. These results reflect the sale of Ault Korea, the Company's Korean subsidiary, in May 2005 and the reclassification of the Korean subsidiary as a discontinued operation. In addition, the Company reported that it has restated financial results for fiscal year 2004 and the first three quarters of fiscal year 2005 ...