Deswell Industries, Inc. announced unaudited consolidated earnings results for the second half and fiscal year ended March 31, 2017. Net sales for the six months ended March 31, 2017 were $23.8 million, an increase of 14.2% compared to net sales of $20.9 million for the six months ended March 31, 2016. Operating loss for the second half of fiscal 2017 was significantly reduced to $0.3 million, as compared to an operating loss of $2.7 million for the same period of fiscal 2016. The company reported net income of $0.7 million for the six months ended March 31, 2017, as compared to a net loss of $1.5 million for the six months ended March 31, 2016. The company reported basic and diluted income per share of $0.04 for the second half of fiscal 2017 (based on 16,013,000 weighted average shares outstanding), as compared to basic and diluted loss per share of $0.09 (based on 16,056,000 weighted average shares outstanding), for the six months ended March 31, 2016. Income before income taxes was $790,000 against loss of $1,425,000 a year ago. Net sales for the year ended March 31, 2017 were $44.5 million, consistent with the corresponding period in fiscal 2016. Operating loss for the year ended March 31, 2017 decreased to $2.1 million, as compared to operating loss of $5.3 million for fiscal 2016. The Company reported a net income of $1.4 million in fiscal 2017, as compared to net loss of $4.9 million for the year ended March 31, 2016. The company reported basic and diluted net income per share of $0.09 for fiscal 2017, (based on 16,035,000 weighted average share outstanding), as compared to basic and diluted loss per share of $0.31 (based on 16,056,000 weighted average shares outstanding), for the prior fiscal year. Income before income taxes was $1,585,000 against loss of $4,776,000 a year ago. Net cash used in operating activities was $1,128,000 compared to net cash provided by operating activities of $563,000 a year ago. Purchase of property, plant and equipment was $2,196,000 compared to $591,000 a year ago.