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Article: Global-Tech Appliances Reports Fiscal Year Financial Results and Anticipates Rapid Growth in Its CCM Business.(Financial report)
- Article from:
- Business Wire
- Article date:
- September 29, 2007
CopyrightCOPYRIGHT 2007 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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HONG KONG -- Third graph, second sentence of release dated Sept. 28, 2007 should read: Net loss for the fourth quarter of fiscal 2007 was $1.8 million... (sted Net loss for the fourth quarter of fiscal 2006 was $1.8 million...).
The corrected release reads:
GLOBAL-TECH APPLIANCES REPORTS FISCAL YEAR FINANCIAL RESULTS AND ANTICIPATES RAPID GROWTH IN ITS CCM BUSINESS
Global-Tech Appliances Inc. (NYSE: GAI) today announced its financial results for the fiscal year and fourth quarter ended March 31, 2007.
Net sales for the fiscal year ended March 31, 2007 were $60.3 million, compared to $73.8 million in the prior fiscal year. Included in ...