Bonso Electronics International Inc. Announces Second Quarter Results.HONG n. 1. A mercantile establishment or factory for foreign trade in China, as formerly at Canton; a succession of offices connected by a common passage and used for business or storage. KONG--(BUSINESS WIRE)--Nov. 4, 1997--Bonso Electronics International Inc. (the "Company") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BNSOF and BNSWF) announces financial results for the second quarter ended September September: see month. 30, 1997. Mr. Anthony So, Chairman and Chief Executive Officer of the Company, announced that net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the six month period ended September 30, 1997, were $10.5 million, an increase of 32.5%, compared to sales of $7.9 million for the six month period ended September 30, 1996. For the three month period ended September 30, 1997, net sales were $5.3 million, an increase of 35.1%, compared to sales of $3.9 million for the comparable period in 1996. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was $940,000 for the six month period ended September 30, 1997, an increase of 120.7%, compared to $426,000 for the corresponding period in 1996. For the three month period ended September 30, 1997, operating income was $460,000, an increase of 675%, compared to an operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of $80,000 for the comparable period in 1996. Net income for the six months ended September 30, 1997, was $856,000, an increase of 791.7%, compared to $96,000 for the corresponding period in 1996. For the three month period ended September 30, 1997, net income was $441,000, an increase of 292.6%, compared to a net loss of $229,000 for the comparable period in 1996. Per Share earning were $0.300, an increase of 785.6%, compared to earning of $0.034 in the six month period ended September 30, 1996. For the three month period ended September 30, 1997, earnings per share were $0.155 per share, an increase of 291.3%, compared to a loss of $0.081 per share for the comparable period in 1996. "The steady growth in the first and second quarters of this fiscal year represents solid performance," remarked Mr. So. "The increase in sales reflects expansion of our business with both our existing and new customers, the introduction of new products and the increase of production capacity after the m that this trend will continue and be reflected in improved financial performance during the balance of ouc scales and weighing weigh 1 v. weighed, weigh·ing, weighs v.tr. 1. To determine the weight of by or as if by using a scale or balance. 2. instruments and electronry, pocket, postal Postal can refer to:
BONSO ELECTRONIC INTERNATIONAL INC.
CONSOLIDATED S Three months ended Six months end96
Sales $ 5,303 $ 3,926 667 2,794 2,336
Operating Expenses
Selling 154 66 295 3 4 6 8
Gener 1,910
------- --e 126 39 163 -------
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(in dollars): 0.155 (0.081) ======== ========= ========= =========
BONSO ELECTRONICS INTERNATIONAL INC.
September 30, March 31,
89
Restricted cash deposits 914 886
Receivables, deposits, prepayments
Inventories 5 219 462
Property, plant & equipment (net) 11,816 10,804
======= =======
LIABILIarges
and deposits 2,230 3,128
Current portion of long-term debt &
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Deferred income taxes
Minoridditional paid in capital 8,706 8,706
Retained earnings 4,094 3,238
Cumulative translation adjustments 209 190
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Shareholder's equity $13,017 $12,142
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Total Liabilities & Shareholders' equity $19,727 $20,516
522-605-5822
KEYWORD: ILLINOIS
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED EARNINGS
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