|
|
Article: Global-Tech Advanced Innovations Reports First Quarter Results for Fiscal 2010.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 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)
|
HONG KONG -- Global-Tech Advanced Innovations Inc. (NASDAQ:GAI) today announced its net sales and earnings for the quarter ended June 30, 2009 (the Company's first quarter of fiscal 2010).
Net sales for the quarter ended June 30, 2009 were $25.7 million, compared to $26.8 million for the corresponding quarter in fiscal 2009. Included in net sales for the first quarter of fiscal 2010 were sales of approximately $16.5 million of floor care products and $7.7 million of electronic components.
Net income for the first quarter of fiscal 2010 was $1.2 million, or $0.38 per share, compared to a net income of $1.9 million, or $0.63 per share, for the first ...