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Global-Tech Advanced Innovations Reports Financial Results for Fiscal Year 2009.

Publication: Business Wire
Publication Date: 28-SEP-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Global-Tech Advanced Innovations Reports Financial Results for Fiscal Year 2009.(Financial report)

Article Excerpt
HONG KONG -- Global-Tech Advanced Innovations Inc. (NASDAQ:GAI) today announced its financial results for the fiscal year and fourth quarter ended March 31, 2009.

Net sales for the fiscal year ended March 31, 2009 were $87.4 million, compared to $105.5 million in fiscal 2008. Net loss for fiscal 2009 was $5.8 million, or $1.91, per share, compared to a net loss of $4.4 million, or $1.45 per share, in fiscal 2008.

Net sales for the fourth quarter of fiscal 2009 were $16.7 million, compared to $27.1 million in the fourth quarter of fiscal 2008. Net loss for the fourth quarter of fiscal 2009 was $4.2 million, or $1.37...

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