Miyoshi has reported a more than doubling of its 2Q earnings to $0.2 million from $0.09 million a year ago on lower costs and expenses.
Revenue fell 8.4% to $13.3 million. While sales from its automotive segment rose 75% to $2.1 million from more orders, sales from its data storage and consumer electronics segments fell to $5.7 million and $5.5 million respectively.
Total costs and expenses decreased to $13.6 million. Other operating expenses fell to $0.8 million; Raw materials and consumables used fell to $0.7 million while employee benefit expenses fell to $0.1 million. Income tax expenses also halved to $0.1 million.
Miyoshi last traded at 4 cents.
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Revenue fell 8.4% to $13.3 million. While sales from its automotive segment rose 75% to $2.1 million from more orders, sales from its data storage and consumer electronics segments fell to $5.7 million and $5.5 million respectively.
Total costs and expenses decreased to $13.6 million. Other operating expenses fell to $0.8 million; Raw materials and consumables used fell to $0.7 million while employee benefit expenses fell to $0.1 million. Income tax expenses also halved to $0.1 million.
Miyoshi last traded at 4 cents.
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