Hollysys Automation posts 3Q profit


Hollysys Automation posts 3Q profit

Friday, May 15, 2015

Hollysys Automation Technologies Ltd. (HOLI) on Thursday reported fiscal third-quarter net income of $31.6 million.

On a per-share basis, the Beijing-based company said it had profit of 53 cents. Earnings, adjusted for one-time gains and costs, were 50 cents per share.

The maker of industrial, rail and subway automation systems posted revenue of $118.2 million in the period.

Hollysys Automation expects full-year revenue in the range of $565 million to $600 million.

Hollysys Automation shares have decreased slightly more than 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.12, a rise of 13 percent in the last 12 months.



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