Jerash: Fiscal Q4 Earnings Snapshot

·1 min read

FAIRFIELD, N.J. (AP) _ Jerash Holdings (US), Inc. (JRSH) on Tuesday reported fiscal fourth-quarter net income of $681,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Fairfield, New Jersey-based company said it had net income of 6 cents.

The company posted revenue of $23.8 million in the period.

For the year, the company reported profit of $4.2 million, or 37 cents per share. Revenue was reported as $90.2 million.

Jerash expects full-year revenue in the range of $100 million to $102 million.

Jerash shares have increased 9% since the beginning of the year. The stock has increased 32% in the last 12 months.


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The Associated Press

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