India, July 20 -- On Monday, Highway Holdings Ltd. (HIHO), a metal parts manufacturing company, reported higher net income in the first quarter of fiscal 2027, driven by strong growth in net sales.
In the early Morning trading on the Nasdaq, the shares were trading 3.10 percent lower at $0.7850.
Net income attributable to the company's shareholders rose 79 percent to $0.10 million, from $0.0061 million in the previous year. Net income per share went up to $0.02, from $0.01 last year.
Operating income was $0.06 million in the first quarter, compared to an operating loss of $0.138 million in the prior-year quarter.
Net sales for the period climbed 29.2 percent to $2 million, from $1.55 million in the prior year.
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