Highway Holdings reports Q2 EPS (8c) vs 5c last year

Reports Q2 revenue $1.18M vs $2.117M last year. Roland Kohl, chairman, president and chief executive officer of Highway Holdings (HIHO), noted, “The adverse pressure on our long-term OEM business continues, including a reorganization of one of our customer’s production plants which shifted a substantial part of our motor OEM business to that customer’s own motor manufacturing company in Czechia. We still maintain a smaller portion of this OEM customer’s motor business but the revenue contribution from this customer has been substantially reduced.”