Highway Holdings Ltd. reported consolidated unaudited earnings results for the second quarter and six months ended September 30, 2009. For the quarter, the company reported net income attributable to the company increased to $139,000, or $0.04 basic and diluted per share, from $100,000, or $0.03 basic and diluted per share, a year earlier. Net sales were $5.2 million compared with $9.5 million a year earlier. Operating income was $91,000 against $372,000 for the same quarter a year ago period. Net income before income tax and non-controlling interest was $167,000 against $140,000 for the same quarter a year ago period. For the six-month period, the company reported net income attributable to the company was $3,000 compared with a net income attributable to the company of $387,000 or $0.10 basic and diluted per share a year earlier. Net sales were $9.8 million compared with $18.9 million a year ago--reflecting the full impact of global economic conditions on the company's major customers during the first two quarters of the new fiscal year. Operating loss was $339,000 against an operating income of $704,000 for the same period a year ago. Net income before income tax and non-controlling interest was $14,000 against $450,000 for the same period a year ago.

Highway Holdings Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2009. Net sales for the fiscal 2010 first quarter were $4.6 million compared with $9.3 million during the same period a year earlier, a period that benefited from an inflated order backlog due to a fiscal 2008 fourth quarter labor slowdown. The company reported a net loss attributable to shareholders for the fiscal 2010 first quarter of $136,000, or $0.04 per share, compared with net income attributable to shareholders of $287,000, or $0.08 per diluted share, last year. Net loss was $153,000 against net income of $271,000 a year ago. Operating loss was $430,000 against operating income of $332,000 a year ago. Net loss before income tax and noncontrolling interests was $153,000 against net income before income tax and noncontrolling interests of $310,000 reported a year ago.

Highway Holdings Ltd., Annual General Meeting, Aug 18, 2009, at 10:00 US Pacific Time. Location: offices of TroyGould Professional Corporation, 1801 Century Park East, 16th Floor, Los Angeles, California, United States.