Jerash Holdings (US), Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
June 27, 2023 at 08:05 am EDT
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Jerash Holdings (US), Inc. reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was USD 23.77 million compared to USD 30.94 million a year ago. Net loss was USD 1.98 million compared to USD 0.13131 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to USD 0.01 a year ago.
For the full year, sales was USD 138.06 million compared to USD 143.35 million a year ago. Net income was USD 2.42 million compared to USD 7.92 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.67 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to USD 0.67 a year ago.
Jerash Holdings (US), Inc., through its wholly owned subsidiaries, is principally engaged in the manufacturing and exporting of customized, ready-made sportswear and outerwear from knitted fabric and personal protective equipment (PPE) produced in its facilities in the Hashemite Kingdom of Jordan (Jordan). The Company manufactures and exports custom, ready-made, sportswear and outerwear for global brands and retailers. The global brands and retailers include VF Corporation, which owns brands, such as The North Face, Timberland, and Vans; New Balance, G-III, which licenses brands, such as Calvin Klein, Tommy Hilfiger, DKNY, and Guess; American Eagle; and Skechers. Its sportswear and outerwear product offering consists of jackets, polo shirts, t-shirts, pants, and shorts. Its primary product offerings include shorts, pants, and vests. Its PPE product offering consists of branded (washable) and disposable face masks, medical scrubs, protective coveralls, and surgical gowns.
JERASH HOLDINGS (US), INC. 
