The company’s net income attributable to shareholders rose 79% to $109,000, effectively doubling diluted earnings per share to $0.02. This financial improvement occurred despite a sharp decline in non-operating income, which dropped to $26,000 from $134,000 in the prior-year period. Revenue reached $2 million, up from $1.5 million a year ago, as the firm integrated its recent acquisition of Regent-Feinbau.
In section Releases
Highway Holdings Returns to Profitability Amid Fiscal 2027 Turnaround
Highway Holdings reported a shift to operating profitability for the first quarter of fiscal 2027, posting $59,000 in operating income. The Hong Kong-based manufacturer overcame the loss of a long-term Myanmar customer by driving a 29% revenue increase and expanding gross margins by 800 basis points to 42%.
CEO Roland Kohl noted that the company is moving to diversify its client base and reduce reliance on traditional OEM manufacturing. While selling, general and administrative expenses climbed 16.7% to $776,000 due to acquisition costs, revenue growth outpaced these overheads. The firm maintains a stable liquidity position, ending the quarter with $3.9 million in cash and a current ratio of 2.4-to-1.
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