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.
The Associated Press