Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Global-Tech Appliances Reports Q2 Results
Nov 29, 2004
 Printable format
 Email this Article
 Search

Global-Tech Appliances Inc. announced its net sales and earnings for the second quarter of fiscal 2005 ended Sept. 30, 2004.

Net sales for the second quarter were U.S. $11.5 million, compared to $16.8 million for the second quarter of fiscal 2004. Net loss for the period was $3.9 million, or $0.32 per share, compared to a net loss of $0.5 million, or $0.04 per share, in the prior corresponding fiscal period.

Net sales for the 6 months ended Sept. 30, 2004 were $21.4 million, compared to $34.6 million for the prior corresponding 6-month period. Net loss for the first half of fiscal 2005 was $6.7 million, or $0.55 per share, compared to a net income of $0.1 million, or $0.01 per share, in the first half of fiscal 2004.

The company said the loss represents a decrease in net income of $6.8 million between periods, which resulted in part from a $2.7 million increase in expenditures on our new display businesses and the balance primarily from a decrease in sales in our small appliance core business.

Back to Daily News

 

Daily News

...........................................................

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows