Hollysys Automation Technologies Ltd. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 138.46 million compared to USD 139.15 million a year ago. Revenue was USD 173.47 million compared to USD 167.64 million a year ago. Net income was USD 3.91 million compared to USD 11.57 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.19 a year ago.
For the nine months, sales was USD 468.67 million compared to USD 471.2 million a year ago. Revenue was USD 597.09 million compared to USD 582.41 million a year ago. Net income was USD 49.69 million compared to USD 81.21 million a year ago. Basic earnings per share from continuing operations was USD 0.8 compared to USD 1.32 a year ago. Diluted earnings per share from continuing operations was USD 0.8 compared to USD 1.31 a year ago.